Will Ripple Produce Millions for Investors?

Ripple has had a tough time of it the last few years because of a lawsuit between the company and the Securities and Exchange Commission over illegal activities.

That legal battle looks to be coming to a close, and Ripple (XRP) as a crypto token appears to be recovering. Serious damage has been done to the coin as a result of the extended legal scuffle, but now that the company and its token are almost on the other side of the fight, it could be the right time for investors to consider Ripple as an addition to their portfolio.

Some analysts think that Ripple has great potential to break out as a rising crypto coin, partly because it is so far below its all-time high. Currently priced at $0.5341 (XRP/USD), the XRP token is about 86% away from its all-time high record of $3.84. That means it could easily grow much higher as it gets out from under the pressure of this lawsuit.

Why Ripple May Skyrocket

Investors need to know that Ripple (XRP) is designed to offer cross-border financial transactions. Those are typically very complex and frustrating, but Ripple streamlines the process and removes a lot of the associated fees.

You can use Ripple to buy one currency, turn it into Ripple, and then into another fiat currency. Ripple transactions greatly decrease the overall fees for these exchanges, costing a fraction of what you would pay to go through a broker or forex service.

Ripple is going to get a second look from investors as the lawsuit closes off, and that can help it shoot up quickly. We expect more investors to start buying Ripple and using it to make international transfers and exchanges.

Because of the speculative nature of the coin, it may not be wise to invest a lot into it right now, and investors may want to go slow and easy with it until they can gauge its behavior post-lawsuit.