Key Points
- Ripple’s growing list of partnerships with financial institutions globally makes XRP a good long-term investment.
- Ripple’s legal issues with the SEC could be a problem, but recent developments have tilted the case in the former’s favour, another win for the value of XRP.
- Experts have predicted that XRP could experience a bull run in 2022, which could push the price between $1.30 and $1.40.
Ripple has been relatively mellow over the past few months, with the coin falling considerably since crossing $1.50 in April-May of 2021. However, the XRP token seems set to experience an uptick in fortunes that could see the price of XRP appreciate considerably, bringing the coin out of its long slumber. While there are several other, more established cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more, Ripple has established itself as a long-term investment, with developments indicating a significantly high ROI in the near future. Let’s further analyze if XRP is a good buy in 2022.
Why XRP Could Emerge As An Excellent Long Term Investment
While the crypto space has been on a downward trajectory, XRP could possibly emerge as one of the top cryptocurrencies to buy in 2022.
Unlike other cryptocurrencies in the space, Ripple ses a highly disruptive model called the “Hash Tree” to record transactions. Ripple aims to solve the problem of high costs that are the bane of transfers between banks. So instead of replacing traditional financial systems already in place, Ripple works with them, integrating blockchain technology and making services streamlined and accessible.
A significant number of companies and financial institutions are already using XRP to facilitate transactions. Ripple can handle all types of transactions such as credit card, mobile, and other transactions, particularly cross-border transactions. Ripple’s low cost of transactions, speed, and significantly lower energy usage, are critical, giving it a significant advantage over traditional payment systems currently in use. The increase in adoption of Ripple by financial institutions will make XRP coin a good buy.
Check Out: 23 Reasons Why You Should Invest in Ripple XRP Today
Ripple’s Slew Of Partnerships Makes XRP An Attractive Investment
Ripple has numerous partnerships with financial institutions across the globe, another factor that pushes the value of XRP higher, making it an attractive investment option.
Ripple has its biggest use case as a partner working with financial institutions around the globe, facilitating cross-border transactions. With more use cases for XRP springing up around the world, Ripple has announced a list of high-profile partnerships. Some of the most prominent associations include Morocco’s largest bank joining the RippleNet. Ripple has also partnered with the Spanish megabank Banco Santander in 2020. The bank has also developed its own international payment services that are based on RippleNet and XRP.
Some of Ripple’s other clients and partnerships include American Express, and Bank of America, which makes XRP a potential cryptocurrency in the market. Although the SEC case has affected these but more on that later. Other partnerships include SBI Remit, with the partnership focused on growing cross-border payments from Japan. Ripple has also announced a partnership with leading payments platform Modulr, which will focus on enabling seamless payments into the United Kingdom and Europe. These partnerships underline the value of the coin, pointing to its high utility and why XRP could potentially be one of the top cryptocurrencies to invest in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple Vs. SEC: Conclusion Could Drive Up XRP’s Value
The conclusion of Ripple’s legal wrangle with the SEC is set to conclude in 2022 and could push the price of XRP even higher.
The SEC had dragged Ripple to court in 2020, which significantly impacted investors who were hesitant to buy XRP until a favourable outcome was reached, with XRP’s parent company accused of engaging in unauthorized transactions without registering the offering. Initially, this was seen as a significant blow, as investors hesitated to invest in XRP. However, things have taken a favourable turn in recent months, with recent courtroom developments tilting the case in favour of Ripple.
The case’s conclusion, especially in favour of Ripple, could set off a significant rally. If Ripple wins the case, then the price of XRP could reach new all-time highs, pushing its investability quotient.
Why Invest In Ripple Now?: Experts Predictions
Wallet Investor is fairly bullish regarding XRP and its short-term price prediction while predicting that XRP could push above $3 by 2025.
According to DigitalCoin Ripple could be a potential cryptocurrency to buy in 2022. They stated that it could average around $0.98 in 2022 and possibly rise to around $1.16 in 2023.
PricePrediction also put out a positive outlook, predicting that XRP could potentially rise to $0.89 and possibly $2.75 by 2025.
Don't Miss: Ripple (XRP) Price Prediction
Is XRP A Buy In 2022?
Several bullish indicators indicate that XRP is a good buy. While Ripple has been fairly muted so far, it is easy to see its potential, with several factors set to align and positively impact the value of XRP. Ripple could replace an outdated system used for cross-border transactions. Its growing list of partnerships and the rise of CBDCs is another promising development, while the conclusion of the case with the SEC could also have a positive impact, making XRP a good investment now.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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