The #SEC complaint against Ripple Labs, which asserts that the business illegally offered unregistered securities worth $1.3 billion through its XRP cryptocurrency, has had an impact on the price of XRP. The lawsuit has made it challenging to forecast the price of XRP's future course. However, there have been a few major price changes in response to court case developments. For instance, XRP rose 96% in July 2023 following a partial legal victory. On the other side, XRP lost all of its gains following Ripple Labs' SEC triumph in August 2023, and its price found it difficult to begin an upward trend. Since the outcome of the litigation affects the price of XRP, it is challenging to forecast future prices.
Holders of $XRP expect a potential price increase if Ripple wins the lawsuit. Legal authorities have countered that XRP's price might sharply drop if the SEC succeeds on appeal.
The outcome of the SEC action will determine how XRP will develop going forward. 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. However, if the SEC prevails in the case, Ripple will be subject to a stiff fine and the XRP price may plummet significantly in 2024.
Despite the legal action, #XRP has a well-defined use case and has already formed collaborations with a huge number of banks, governments, and businesses. As a result, it may be able to run in 2025, but it is unlikely to achieve the enormous valuations that some of its supporters anticipate because of growing sell pressure. Holders of XRP expect a potential price increase if Ripple wins the lawsuit. However, it is advisable to proceed cautiously when investing in XRP because it is unclear how the litigation will turn up.
WHAT EXPERTS SAY
Expert predictions for XRP's future following the SEC complaint are divided. According to some experts, the price of XRP will rise sharply if Ripple prevails in the legal battle. For instance, a team of Finder experts has made XRP price forecasts for this year based on whether Ripple would triumph over the SEC or fail. By the end of 2023, the price of XRP might reach $1.50 if #Ripple prevails. On the other hand, if the SEC succeeds in its action, Ripple will be subject to a harsh penalties and the price of XRP may drop significantly. Legal authorities have contended that XRP's price might drop dramatically if the SEC wins the appeal.
However, some #crypto analysts contend that XRP has a well-defined use case and has already forged alliances with a huge number of institutions, governments, and businesses. As a result, it may be able to run in 2025, but it is unlikely to achieve the enormous valuations that some of its supporters anticipate because of growing sell pressure. Holders of XRP anticipate a potential price increase if Ripple is successful in the lawsuit despite it.
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FAQs
The end of the SEC case in the coming months, especially if the penalties for the institutional sales of XRP are light, could boost XRP's price, but whether the price will stay high or fall afterwards is yet to be seen. Beyond the legal realm, the general state of the cryptocurrency market can significantly impact XRP.
Can XRP reach $20? ›
Armando Pantoja, a prominent crypto figure, has expressed optimism about XRP's future. He believes the asset's true value lies between $8 and $20 and predicts it will reach this range by 2026. The $20 target represents a staggering 3,557.6% increase from its current price.
How high will XRP go in 2024? ›
Throughout 2024, XRP is expected to move between $0.26 and $0.62 with an average forecasted price of $0.41. The forecaster at InvestingHaven predicts XRP to move in a range between $0.40 and $0.88 throughout 2024 but dramatically increases upside targets for 2025 and 2026 to $3 and ultimately $9 to $10.
What is the XRP prediction for 2025? ›
Long-term XRP price prediction for 2025, 2026, 2027, 2028, 2029 and 2030. Based on the historical price movements of XRP and the BTC halving cycles, the yearly low XRP price prediction for 2025 is estimated at $ 0.31491. Meanwhile, the price of XRP is predicted to reach as high as $ 1.571972 next year.
Will XRP reach 100 dollars? ›
If this repeats itself, we could see XRP go through a similar consolidation period before skyrocketing to $50 starting on November 1st, 2024. At $100, that would mean you need 10,000 XRP for $1 million. At $500, you would need 2000 XRP.
Is XRP likely to win the lawsuit? ›
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. Both the SEC and Ripple emerged somewhat victorious in this court case.
What is the highest XRP could go? ›
With most XRP future Ripple price predictions however, It's generally expected that Ripple should be worth more in 2024 than it is now, with some pundits suggesting that it could be worth as high as a maximum price of $4. Some are a little bit more modest, expecting closer to $1.
Can XRP go up to $1000? ›
For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.
What is the price prediction for XRP after 10 years? ›
XRP Prediction Table
| Year | Minimum Price | Maximum Price |
|---|
| 2030 | $6.15 | $7.54 |
| 2031 | $9.12 | $10.77 |
| 2032 | $13.42 | $16.11 |
| 2033 | $19.69 | $23.48 |
8 more rowsXRP price forecasts for 2030
Techopedia also sees potential for growth, estimating XRP could reach a maximum of $9 by 2030, potentially becoming a bridge currency due to its near-zero settlement times and the rise of central bank digital currencies.
XRP remains priced below $0.5, leading to negative perceptions and labels of it as a “dead coin.” Following a court decision in July 2023, which determined XRP was not a security, its price briefly peaked at $0.93.
What will XRP crypto be worth in 2050? ›
In other words, XRP's current price of $0.381 would increase by 2,171% to $8.65 in 2050. XRP's price prediction for 2050 based on Bitcoin's 5 yr. average annual return rate. If we take Bitcoin's historical ROI as a basis instead, we see that XRP could increase by 27,746% to roughly $106 by 2050.
Which coin will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Ethereum (ETH) | $422 billion | $3515 |
| Binance Coin (BNB) | $87 billion | $595 |
| Solana (SOL) | $66 billion | $143 |
| Ripple (XRP) | $27 billion | $0.499 |
6 more rows6 days ago
Analyst Pantoja predicts Ripple (XRP) price to reach $20 by 2026, citing five key factors supporting his bullish outlook. XRP would need to witness a 15x surge to reach the lower end of Pantoja's projection and a 3,959% growth to achieve the $20 target.
How high can ADA go? ›
ADA's price might hit $0.93 in 2024 and could circle back to the same point in 2027. The bullish price prediction for 2029 is $2.36. With increasing demand, the price of ADA could change hands at $3.72 in 2030.
How high could XRP go? ›
If the crypto market cap hits $3 trillion and XRP retains its current 1.18% dominance, its price could ascend to $0.636 by 2025. In a more bullish scenario of the crypto market surging to $10 Trillion, the price of XRP could soar to a staggering $1.12, resulting in a potential 6x return for investors by 2030.
How long will the XRP lawsuit last? ›
The long-awaited SEC lawsuit against Ripple Labs over XRP's status as a security could see a resolution by summer 2024. A long-awaited decision in the SEC's lawsuit against Ripple has been anticipated to arrive by summer 2024.
Why will XRP reach $10,000? ›
The reason why XRP won't ever reach a price of $10,000 is not complicated – the supply of XRP is simply too large. XRP has a maximum supply limit of 100 billion coins. While not all XRP coins are currently in circulation, the coin still has a substantial circulating supply of 54.94 billion.
Which crypto will explode in 2024? ›
Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) : EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate. Folki ($FOLKI) – Meme coin integrating with the metaverse.
