Let’s start with the most bearish estimates, and work our way up:
Ripple, and its cryptocurrency XRP, have been entangled in a messy legal battle with the SEC of late. However, in March, sources indicated that the judge overseeing the SEC case against Ripple made some pretty bullish comments for XRP holders. In the battle to determine whether XRP is a currency or a security, it appears the judge is viewing XRP’s value as one which is derived from its currency-like attributes as well as its utility, which separates XRP from other leading cryptocurrency options like Bitcoin (CCC:BTC-USD) and Ether (CCC:ETH-USD).
For XRP holders, that’s extremely good news. Indeed, the rise in XRP’s price of late has eclipsed the cryptocurrency’s losses stemming from the initial lawsuit. Today, XRP is gaining as alt coin investors pile into the world’s seventh-largest cryptocurrency.
In general, crypto investors are seeing broadly bullish sentiment take hold today. That said, alt coins such as XRP are outperforming, for various reasons.
Ripple (XRP) Price Predictions Span a Wide Range
Today, Ripple (CCC:XRP-USD) is seeing impressive performance relative to its cryptocurrency peers. Indeed, XRP is up more than 35% at the time of writing as Ripple (XRP) price predictions continue to drive bullish sentiment among crypto investors in this alt coin.