XRP Price Prediction – Can XRP Go to $5 This Year?

cryptonews.com:

XRP is the sixth-largest cryptocurrency by market capitalization and has been on a roller coaster ride in the past year. With its price going up and down, many investors are wondering what the XRP price prediction will be and if can it reach the $5 mark this year. 

In this article, we will look at the factors that could affect XRP's price and make a prediction of whether it can reach $5 or not.

Ripple's lawsuit with the SEC has been a source of uncertainty for XRP holders. CEO Brad Garlinghouse is optimistic that a resolution could be determined this year or early 2023. Despite the lawsuit and the bear market, XRP, Ripple's native token, has been attempting to remain strong.

Despite seeing fluctuations in XRP price, large crypto investors (aka whales) are still interested in XRP tokens. 

Whale Alert, a provider of on-chain data, reported that several whales have transferred large amounts of XRP recently. On January 27th, a transfer of over 160 million XRP tokens occurred between two unidentified wallets, amounting to a value of more than $65.53 million according to the current cryptocurrency market prices reported by the data provider. 

On January 26th, Whale Alert reported a huge movement of 39.5 million XRP tokens from Bitso to an unidentified wallet. According to the current market value, these tokens are worth an estimated $16.2 million. A noteworthy amount of XRP tokens have recently been moved from unidentified wallets to crypto exchanges.

For instance, 30 million XRP coins ($12.41 million) were sent from an undetermined wallet to Bitso and 33 million tokens ($13.65 million) were transmitted from a mysterious wallet to Bitstamp.

According to Whale Alert, large investors seem to be acquiring more XRP tokens despite its