Will XRP win the court case?
July 13 (Reuters) -
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).
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 first and most significant legal victory for Ripple was tremendous, even if it was partial: Judge Analisa Torres found that Ripple had not violated existing securities laws by selling XRP to exchanges and giving retail buyers a chance to invest, but it did break the law when selling tokens directly to institutional ...
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.
| 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 |
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.
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.
Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.
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.
Is Ripple going to lose the lawsuit?
The U.S. Securities and Exchange Commission (SEC) will no longer pursue claims that Ripple's CEO Brad Garlinghouse or Executive Chairman Chris Larsen aided and abetted the company in violating federal securities laws in its XRP transactions, canceling a trial scheduled for next year and giving the crypto company ...
10 Years of Decentralizing the Future
A federal judge has rejected the U.S. Securities and Exchange Commission's bid to appeal its ground-shaking loss against Ripple, the crypto company associated with the XRP token. XRP's price rallied about 5% on the news.
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.
Investing in cryptocurrencies like XRP or Bitcoin has the potential to generate significant returns, and there have been individuals who have become wealthy through their investments. However, it's important to note that cryptocurrency investments also carry substantial risks.
200 XRP will not make you a millionaire. You would have to buy a lot more coins than that.
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.
| 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.”
| 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 |
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.
Can Ethereum reach $100,000?
While the potential for Ethereum to reach $100,000 exists, it is likely many years out, at least 7 years (if not more). With a $13.7 trillion market cap of Ethereum, if and when it hits $100k, massive changes need to occur, first and foremost fundamental, technological, regulatory.
It's much more improbable that the token will hit $1,000. This is due to the fact that for XRP to reach $1,000 per coin, its market size would have to reach at least $100 trillion, which is unlikely to happen anytime soon. It was widely used by big banks and was well-liked by investors.
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.
Finally, WalletInvestor is more optimistic, suggesting that XRP can reach around $0.586 in July 2023 before continuing some slow growth to trade at about $1.39 in July 2027.
Will XRP reach $1 any time soon? So XRP should gain plenty of value over time from Ripple's money-transfer operations, and the token also benefits from the market-moving impact of predictable Bitcoin gains. I can't promise that XRP will reach $1 per token in 2024, but the general trend line certainly points upward.
