There is high hope that the market will take its bullish run again, I do not want to fall into fomo but xrp had a long time without a bullish turn, it is likely that the emotions on the part of xrp investors will grow again and continue to drive the price.
Are you certain about that? And what if Ripple loses its case against the SEC? Do you believe institutional investors would disregard this?
I don't see how anyone can forecast what will happen to the XRP price in the long run before the current legal matter is settled.
The results of the SEC's lawsuit against Ripple Labs cannot significantly affect the price of the ripple coin itself, since the subject of the lawsuit is the possible abuse of two leaders of this company, and not the legality of the circulation of this coin. If the lawsuit is lost by the company, then these two managers will have to pay large penalties.
Ripple will continue to exist and grow in any case, including in price. Now its price has risen to $ 1.73. This coin could still rise to a few dollars in price. This will depend, among other things, on the direction of the movement of the cryptocurrency market.
As Ripple has obtained so much attention, I think that it can become a merely speculative instrument in the market, it is not bad, because despite its legal problems, it has great options in the transfer of the same, it is fast, its fee is accessible, and it is a currency that can give a pump at any time, it is very well known that it can be used to move large amounts of money.
Perhaps the legal part is important because some investors look at its development and legal issues, but for transactions it turns out to be a marvel, and if it is responding to changes in Bitcoin positively generating new highs, it is attractive, at least from the point of view market speculator's view attracts. I know there are many enthusiasts and fans of the coin, who care about the technology, the features and innovations that they can add to it, because there are many in their community who see the coin from a sentimental point of view, but for now it predominates in the world it is the business model and the benefits that can be generated when negotiating.