What will happen if XRP wins the case?
In addition, a positive outcome in the court case could help restore investor confidence in Ripple and XRP. This, in turn, could result in more institutional and mainstream investment in the cryptocurrency, driving its price higher.
The partial win in the XRP lawsuit brings immense value to the crypto asset and projects a new uptrend in 2024. How much will XRP be worth by the end of 2025? XRP might reach a high of $3.38 or an average of $2.925.
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.
In a court filing dated November 13, 2023, Judge Torres nailed down the schedule for further pretrial filings. The process of discovery and rebuttals regarding the remedies the SEC will seek in the remaining legal action must be completed by April 29, 2024.
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.
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).
At the time of writing, the value of one XRP token is approximately $0.50. Therefore, investors would need around two million tokens to hold XRP worth one million dollars. However, a study suggests that even having less than 100 XRP could be enough to reach the milestone of being a millionaire.
| 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 |
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.
XRP would need to rise 143 times to reach $1,000. This would necessitate a decrease in the supply of cryptocurrencies as a whole and a significant rise in the demand for XRP.
Will the SEC win against XRP?
Is the XRP lawsuit over? It is a partial victory for both parties in the SEC vs. Ripple lawsuit.
The SEC spokesperson said the regulator was reviewing the decision. Ripple Chief Executive Brad Garlinghouse in an interview called the ruling "a huge win for Ripple but more importantly for the industry overall in the U.S."
At the current Ripple price, one XRP is worth $0.588438. Kraken makes it easy to sell Ripple for USD in minutes. How do I get my money after selling Ripple? After you sell your Ripple using Kraken, you can use our flexible funding options to withdraw your cash to your bank account in as little as 0-5 business days.
200 XRP will not make you a millionaire. You would have to buy a lot more coins than that.
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.
But what do the experts say about XRP prices as far out as 2030? Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
The Prospects of a Settlement During the Remedies Stage
Amidst the ongoing legal proceedings, there remains a possibility for Ripple and the SEC to settle on the remedies stage. Both sides have motivations to consider a settlement, as it would alleviate the uncertainty and costs associated with prolonged litigation.
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.
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.
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. Crypto Analyst EGRAG Predicts Major XRP Price Rally To $10 Or $50.
What is the price prediction for XRP Ripple after lawsuit?
The cost of XRP is anticipated to rise sharply if Ripple prevails in the legal battle. After the court ruling, according to some experts, XRP might reach prior all-time highs of $3.84.
