Is Ripple's XRP the next Bitcoin? Experts act on FOMO 100%

XRP, the cryptocurrency linked to Ripple Labs, has witnessed a strong bullish trend. The price of XRP has risen to $2.40, although there has been a slight fall today. Previously, XRP was only traded at a few cents. Now, it has surpassed Tether in a short-term period to become the third-largest cryptocurrency by market value. Dave Portnoy, the founder of Barstool Sports and a prominent market commentator, shared a personal experience illustrating today's cryptocurrency environment. He mentioned that he was outbid by a cryptocurrency investor for an apartment in Miami. "Bitcoin has risen to around $100,000. I have worked hard for 20 years and yes — there is currently 100% FOMO for everything," he said. Although he admits that he does not have deep trust in XRP as a brand, he is still investing. Why? Because like many others, he does not want to miss the next big wave. "What if XRP is the next Bitcoin?" he asks. The biggest challenge for XRP in recent years has been the legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Ripple of illegally selling XRP as securities without registration. The case has been ongoing since 2020, causing instability among investors. However, things are changing. Settlement negotiations are underway, and both Ripple and the SEC seem to be moving towards an agreement. This viable solution is boosting investor confidence. If the case is resolved favorably for Ripple or with a fair settlement, XRP could achieve regulatory clarity and, in turn, attract institutional investors and key partnerships. Although XRP still has a long way to go before reaching Bitcoin's level in terms of value and adoption, many believe it is becoming a formidable competitor. It has established global alliances, particularly with banks and payment systems. If this lawsuit ends quickly and the price continues to rise, XRP could become one of the biggest success stories in the cryptocurrency space. Currently, it is clear that XRP has strong momentum and many investors do not want to be left behind.