What's next in the XRP lawsuit?
The SEC may begin preparing an appeal that could leave XRP sidelined through H2 2024. However, SEC plans to appeal against the Programmatic Sales ruling hinge on the outcome of, Coinbase (COIN) Motion to Dismiss (MTD) all charges in the ongoing SEC v Coinbase case.
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.
Technical analysis: XRP price could see further decline
XRP price is likely to sweep the low at $0.5464, the 23.6% Fibonacci retracement level of the asset's climb to its year-to-date peak. Once the altcoin collects liquidity at this level, it could see a rebound and target the $0.6886, 78.6% Fib retracement level.
DigitalCoinPrice starts with a price prediction of $ 1.30 for crypto in 2024. Next up is Changelly and there is a forecast of $ 1.10 for XRP in 2024. Finally, WalletInvestor offers an annual price estimate of $0.323 for XRP. Investors will notice that at the time of writing, XPR is trading at 53 cents per share.
Ripple's legal battle with the SEC over XRP's classification is set for trial on April 23, following the company's three partial wins in 2023. The lawsuit's outcome could significantly affect XRP's value, but a final decision might be delayed until 2026 due to potential appeals.
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.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2025 | $1.24 | $1.28 |
| 2026 | $1.72 | $1.77 |
| 2027 | $2.42 | $2.49 |
| 2028 | $3.53 | $3.66 |
If the project were to reform significantly to drive value to the XRP token, there is every chance that XRP could soar to new highs. However, like any investment, there are risks that every investor should consider before making a decision to invest.
The XRP price prediction for 2030 is between $ 0.506399 on the lower end and $ 2.06 on the high end. Based on our XRP price prediction chart, the price of XRP could gain 223.37% and reach $ 2.06 if it reaches the upper price target.
Oliver Michel, CEO of Tokentus, believes XRP is well-positioned to become the world's reserve currency. Michel highlights XRP's potential to solve inefficiencies in cross-border transactions, making them faster and cheaper.
Will XRP reach $500 dollars?
That would mean XRP's market capitalisation needs to exceed the GDP of China. 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.
XRP's underperformance
Another point of concern is that XRP continues to underperform the broader market. In 2023, for example, XRP skyrocketed in value by more than 80%. Fair enough. But Bitcoin (BTC 0.32%) was up by more than 150%.
However, if Ripple loses all appeals, the SEC is likely to collect the $1.3 billion (the amount that the regulator alleges that Ripple earned from the unregistered securities sale) and offer XRP holders an option to sell their holdings.
July 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring.
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.
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.
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.
Yes. 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.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Solana (SOL) | $76.9 Billion | $173.48 |
| Ripple (XRP) | $34 Billion | $0.6197 |
| Dogecoin (DOGE) | $22.1 Billion | $0.1546 |
| Tron (TRX) | $10.5 Billion | $0.1201 |
“After the analysis of the prices of XRP in previous years, it is assumed that in 2050, the minimum price of XRP will be around $512.50. The maximum expected XRP price may be around $594.78. On average, the trading price might be $540.41 in 2050.”
How much will 1 ethereum be worth in 2030?
| Year | Minimum Price | Average Price |
|---|---|---|
| 2028 | $20,137.99 | $20,713.93 |
| 2029 | $29,561.04 | $30,389.96 |
| 2030 | $42,209.78 | $43,728.63 |
| 2031 | $61,789.82 | $63,539.65 |
Ripple CTO, David Schwartz, has explicitly said that crypto like XRP could challenge the US dollar (USD) and become the world's reserve currency.
Ripple's rocket ride may be risky
But it would be a mistake to expect skyrocketing prices in 2024, and $5 is an unrealistic target for the next few years. The true wealth-building gains will come in the long haul, as RippleNet expands to more countries and becomes more widely used.
A price of $100 would make 10,000 XRP worth $1 million. At XRP's present value, investors could procure these tokens with $6,300. While these projections present a bullish outlook, market participants should take them with a healthy measure of skepticism.
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