"""XRP: Must Rise 70% to Regain $1 Peak After Market Turmoil"""
The price of XRP, RippleNet's native token, has remained below $1 for several months despite a broader cryptocurrency bull run. The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC), which alleges that XRP is an unregistered security, has cast a shadow over the future of the token and dampened investor sentiment. Bearish sentiment in the cryptocurrency market has also limited XRP's growth potential. However, some analysts predict a rapid rise in the price of XRP, citing its usefulness on RippleNet and its growing list of institutional partners. Others, however, remain cautious due to ongoing legal battles and market volatility.
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