According to crypto analysts, the current XRP price of $3.11 is undervalued, and a surge to $5 is likely. With a bull run imminent, XRP could be a valuable addition for investors, but so could Rollblock,

As the new year kicks off in the crypto world, things are rather volatile, with some big swings and some big losses for many projects. Ripple (XRP) went on a rampage earlier in the week, but is now facing losses.

It was a wild week for XRP, as the Ripple-linked asset blasted above $3 amid Trump optimism and other developments.

In 2020, the U.S. Securities and Exchange Commission (SEC) sued a company called Ripple, alleging it was in breach of the law for the way it issued its XRP (CRYPTO: XRP) cryptocurrency. XRP has a market capitalization of more than $150 billion as of this writing,

XRP (CRYPTO: XRP) was flying higher on Wednesday. The cryptocurrency was up 10.97% as of 3:45 p.m. ET. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) gained 1.92% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 2.

The XRP price pumped more than 8% to above $3 for the first time since 2018 as Ripple chief legal officer Stuart Alderoty said the US Securities and Exchange C (SEC) lawsuit against the company has become “just noise.

XRP, the Binance places XRP’s all-time high at $3.84 while CoinGecko places it at $3.40. This story was originally featured on Fortune.com