XRP target price
I realize some on this forum might think this is off topic, but as cryptocurrencies are becoming more and more mainstream on wall street, I thought some on this forum might have good insights about this and are willing to share. Especially, I'm interested to hear from those who have experience in cryptocurrency.
Given the ongoing Ripple/SEC court case, what is your prospective on the likelihood of a favorable ruling for Ripple? And more importantly, what's the risk/reward profile right now for someone who is considering an investment (ok trading)? On the one side, it appears to me that a favorable ruling could trigger a ripple effect (get it?) that would include relisting on major exchanges and could potentially lead to 5-10x gains, on the other hand, a negative ruling could bring it down substantially, but that did happen earlier this year and it somehow came back strong.