JackTheRippler, a cryptocurrency analyst, has put forth an intriguing perspective on the potential price surge of XRP, suggesting it could reach $100 in the near future. He elaborated on the conditions required for this significant increase in value.
How XRP Price Could Rise To $100
JackTheRippler expressed in a post on X (previously Twitter) that the price of XRP reaching $100 was a certainty once the SEC-Ripple legal case concluded. He also forecasted that XRP could surge as high as $10,000, believing this price level was attainable following the resolution of the lawsuit.
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The analyst’s comments reaffirm the perspective of XRP supporters that the SEC’s legal action against Ripple significantly stunted XRP’s advancement. This viewpoint holds that the lawsuit is the primary reason for XRP’s lackluster performance during the 2021 bull market, despite its impressive progress in the 2017 bull run prior to the lawsuit filing.
In his speech, JackTheRippler hinted that XRP could secure regulatory approval after the SEC vs. Ripple lawsuit concluded. Some listeners were intrigued as they noted XRP had already received clarity following Judge Torres’ decision that XRP does not classify as a security.
Surprisingly, XRP hasn’t made a substantial price jump since last year when its legal status became clearer. This lackluster performance has caused uncertainty among XRP investors, as they had anticipated greater growth after the judge’s ruling. However, only a brief price increase followed the decision before the token’s value started to drop once more.
In other words, the XRP holders may remain skeptical and not get too excited about potential price increases for XRP, as its lackluster performance could continue post-SEC lawsuit.
The SEC’s Lawsuit May Not Be Ending Anytime Soon
In the meantime, it’s important to mention that the legal battle between the SEC and Ripple may not conclude this year, regardless of the penalty decision’s outcome, as both sides are expected to challenge certain rulings. Consequently, XRP investors might need to exercise patience before determining if the crypto token reaches $100 as per JackTheRippler’s forecast.
If the legal case continues past this year, XRP might fail to reach its full potential during this bull market. The ongoing lawsuit may be hindering its advancement. Nevertheless, cryptocurrency analyst Egrag Crypto remains optimistic and predicts that XRP could climb up to $27 by the peak of this market rally.
Currently, XRP is priced at approximately $0.54 during my writing process, representing a 2% increase within the past 24 hours based on information from CoinMarketCap.
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2024-04-23 23:10