- Michael van de Poppe, a well-known cryptocurrency analyst, sees XRP participating in the upcoming 22 bull cycle, Ripple regain previous ATH.
- Besides SEC lawsuit settlement, the platform’s entry into smart contracts, NFTs, and sidechains can fuel XRP to higher price levels.
Crypto participants have been exploring various digital coins over the past few months, looking for assets with lucrative returns. On the same, top players such as XRP appeared ignored as new altcoins ‘took it all.’
XRP maintained its place as the 3rd digital coin by value for a long time. Nevertheless, the alternative crypto has dropped through the ranks since the past year. The situation worsened when Ripple entered the lawsuit battle in 2020 December with the US SEC.
Michael van de Poppe, a crypto analyst, believes that XRP might join 2022 as an underdog. He also added that Ripple’s XRP is among the oldest players within the crypto industry. The analysts also said that XRP dominated many social discussions in the crypto marketplace.
Meanwhile, Poppe seems realistic at this point, not predicting unimaginable figures. You probably know that Ripple claims XRP is among the fastest coins for cross-border transactions. Keep in mind that the crypto’s settlement period in 2017 was four seconds. Nevertheless, Poppe trusts that XRP cannot pride in that at the moment. That is because the crypto market has many tokens that can accomplish that.
Ripple’s Venture into Wide Crypto Landscape
The emerging competition did not stop Ripple from exploring further developments. Besides being a payment platform alone, the crypto project deep-dives into other financial aspects. Besides integrating NFTs and sidechains, Ripple targets to lead the smart contract ecosystem.
One among the XRP price catalysts in 2022 is the SEC lawsuit conclusion. Brad Garlinghouse, Ripple’s CEO, recently revealed impressive progress in SEC vs. Ripple’s legal battle. He said that the case has a chance to end in the coming year.
That would attract market players who have stayed sidelined for a long time. Moreover, the SEC legal battle prevents Ripple from participating in 2021’s altcoins bullish rally. Poppe trusts that Ripple has encountered massive negativity in 2021, and the narrative will shift in 2022. The analysts believe XRP will eye $2.88 and $4.34 during the year’s bull run.
The latest correction had XRP losing the $1 support as it plummeted to $0.65. Though XRP registered a 40% bounce from the lows, it remains under pressure at the moment. While writing this content, Ripple trades 8% down near $0.77, ranking 8th by market capitalization.
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