Has XRP won the lawsuit?
The first and most significant legal victory for
The SEC vs. Ripple lawsuit will continue as planned, with a key briefing from the US regulator on March 22 under seal.
Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit's outcome and crypto market conditions, it could go much higher, potentially reaching $3.10. Nevertheless, there is also scope for lows of $0.30 if the case swings in the SEC's favor.
The ruling by U.S. District Judge Analisa Torres was the first win for a cryptocurrency company in a case brought by the U.S. Securities and Exchange Commission -- though it did also give the SEC a partial victory.
Ripple is likely to win the case as the case crumbles or they come to an agreement. If so, the coin is expected to skyrocket. If Ripple were to win their court case against the SEC, it could potentially lead to a significant increase in the value of XRP (Ripple's cryptocurrency).
It can. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available. It is possible for XRP to reach $1,000 USD, but it is highly unlikely in the near future.
Ripple price could hit a maximum price of $0.95. The Ripple price forecast for 2025 is for Ripple cryptocurrency to trade at a minimum price of $1.19 and an average price of $1.23. The maximum forecast price for 2026 is $1.41.
So, in short, it's impossible that we will see a $500 XRP anytime soon. But that doesn't mean XRP can't post impressive gains in the coming years. CoinCodex expects $XRP to double in 2024 as it moves above $1 and potentially moves above $2 the following year.
In a recent proposal by Edward Farina, the Head of Social Adoption at #XRPUpdate Healthcare, a hypothetical scenario was presented whereby the price of XRP has the potential to see a significant increase, reaching a value of $10,000.
The lawsuit between Ripple and the SEC has stretched for nearly three years. In 2020, the SEC accused Ripple and its co-founders of breaching securities laws by selling $1.3 billion of its native cryptocurrency XRP without first registering it as a security.
Can my XRP be confiscated?
First, the developer notes, XRP is a decentralized cryptocurrency and cannot be seized without forcing key holders.
ChatGPT emphasized that the volatile nature of the crypto market and the looming SEC trial means investors should take a cautious approach to XRP. However, ChatGPT did acknowledge XRP's potential to reclaim the $1 mark this year with a favorable trial resolution – possibly even reaching $1.20.
Ripple Labs is a blockchain developer and the creator of the XRP token. The SEC accused Ripple of selling XRP in an unregistered security offering. The outcome of the U.S. regulator's court case against Ripple might still have far-reaching consequences for the cryptocurrency industry.
Most experts agree that Ripple's price can rise to the $250 range–$3 in ten years based on current predictions. According to Ripple Coin News, the price of Ripple might reach $30 in ten years. Smartereum is even more positive, predicting that Ripple will hit $250 to $300 in the next ten years.
I can't promise surging XRP prices any time soon, since one or more events with uncertain outcomes and timing need to be resolved first. This isn't the right cryptocurrency for impatient investors, but crypto buyers with endless patience should consider picking up a few XRP coins on the cheap.
The index includes top tokens like $SOL, $ETH, and $WBTC- all of which are expected to see considerable gains in 2024 - making this a fantastic DeFi platform primed to explode throughout the year.
Beyond the legal realm, the general state of the cryptocurrency market can significantly impact XRP. Drozdz notes: “A large-scale upswing in the crypto world could be a boon for XRP. If other cryptocurrencies rise, XRP could well ride the wave.”
It is possible for XRP to reach $1,000 USD, but it is highly unlikely in the near future.
XRP went through a consolidation period in the last week of November, but fundamentals and price action show the crypto is primed for a breakout. According to a prominent crypto analyst, XRP is in the perfect position based on its previous price action for an epic rally that could send the price up to $10 or even $50.
But could Ripple hit new all-time highs and make some millionaires? Yes, yes it can.
Could XRP reach $100,000?
It can. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available.
Can it reach 35k? Yes it can but it will take some time. My reasons for it is that Gold has a market capital of roughly $11T and Silver has a market capital of $1.3T right now. If XRP has the same market capital as Silver, it will be $26.
XRP is currently supported by more than 100 financial institutions, banks, and payment systems, including Bank of America, PNC Bank, Siam Commercial Bank, Santander Bank, and Standard Chartered Bank. Early in its lifecycle, #ripple targeted banks and financial institutions to adopt the XRP blockchain.
In July, Ripple was handed a pivotal victory as a judge ruled that XRP is not in and of itself a security. Following this, the SEC was denied a request for an interlocutory appeal.
In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.
