Is XRP a Millionaire-Maker?
XRP provides on-demand liquidity in issuer Ripple's payments network.
It could grow in value if Ripple can capture some of SWIFT's sizable market share.
However, Ripple is expanding its financial services into areas that don't require XRP.
XRP (CRYPTO: XRP) investors got plenty of positive news last year. Ripple, the company that issues XRP, finally settled its lawsuit with the Securities and Exchange Commission (SEC) for $125 million, much less than the $2 billion the SEC wanted. In November, the SEC approved the first spot XRP ETFs, opening up another way to invest in this cryptocurrency.
However, after a strong start to the year, XRP's price sank. It gave up all its returns and ended the year down 9%.
We've seen XRP bounce back from downturns before, and it has long-term growth potential as a cross-border payments solution. Now that you have the opportunity to buy the dip, could XRP be a millionaire maker? Let's find out.
