Ripple (XRP) Is Up 190% From Cycle Low, But Will It Ever Reach $3?

Ripple has remained a prominent name in the crypto market despite its woes in recent years. The digital asset was expected to crash as its case with the SEC raged on, but it has managed to maintain its hold on the market while building an effective community around itself. Nevertheless, the digital asset remains one of the few that didn’t hit its previous all-time high during the last bull run, sparking speculations of if it will ever return there. FUD Derails Ripple’s Growth During the 2017 bull run, Ripple (XRP) made a splash in the market by going on an incredible bull rally. The cryptocurrency was able to break above $3 and cement its position as one of the largest cryptocurrencies in the space. This saw more investors rally behind the token and pitch their tent there. Related Reading | More Than 57,000 Traders Liquidated As Bitcoin Declines Below $22,000 At the height of the rally, the cryptocurrency had touched as high as $3.30 in January 2018 before declining along with the rest of the market as the bear trend began. However, XRP’s decline would transcend just the bear market, given that the Securities and Exchange Commission (SEC) would take a keen interest in it. It led to the most prominent lawsuit in the crypto space, which is still ongoing at the time of this writing. XRP trading at $0.33 | Source: XRPUSD on TradingView.com The FUD that followed the lawsuit expressly delayed the growth of the digital asse...