Crypto analyst JackTheRippler has raised the potential for the XRP value rising to $100 quickly sufficient. As a part of his prediction, he talked about what must occur for the crypto token to achieve such formidable heights.
How XRP Price Could Rise To $100
JackTheRippler steered in an X(previously Twitter) post that the XRP value hitting $100 was “inevitable” as soon as the case between the Securities and Exchange Commission (SEC) and Ripple got here to an finish. Furthermore, he predicted that XRP might rise to as excessive as $10,000, claiming that the crypto token hitting 5 figures was achievable after the lawsuit.
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The analyst’s remarks once more spotlight the belief amongst members of the XRP neighborhood that the SEC’s lawsuit towards Ripple has tremendously hindered XRP’s progress. Specifically, the lawsuit is believed to be why XRP underperformed within the 2021 bull run, having made exceptional strides within the 2017 bull run (lengthy earlier than the lawsuit was instituted).
Meanwhile, in his remarks, JackTheRippler alluded to XRP gaining regulatory clarity as soon as the case between the SEC and Ripple was over. This assertion caught the eye of a few of his followers, who pointed out that it had gotten readability following Judge Analisa Torres’ ruling that XRP isn’t a safety.
Interestingly, XRP has didn’t mount any important run regardless of gaining this readability final yr. This is one motive why some XRP holders appear to have misplaced religion within the crypto token, as expectations have been excessive following Judge Torres’ ruling. However, nothing a lot occurred because the crypto token briefly rose on the again of the ruling however steadily declined within the following weeks.
Therefore, these holders will doubtless be cautious about getting their hopes excessive regardless of JackTheRippler’s optimism since XRP might nonetheless preserve its unimpressive value motion even after the SEC’s lawsuit is over.
The SEC’s Lawsuit May Not Be Ending Anytime Soon
Meanwhile, it’s price noting that the case between the SEC and Ripple might even drag on past this yr, no matter the end result of the penalties stage, as each events are more likely to enchantment sure rulings. This signifies that XRP holders might need to attend some time to see if the crypto token hits $100 based mostly on JackTheRippler’s prediction.
If the case is extended past this yr, XRP might miss out on attaining its true potential on this bull run if the lawsuit is certainly appearing as a stumbling block to its progress. The lawsuit has, nonetheless, not stopped crypto analysts like Egrag Crypto from making bullish predictions for XRP on this bull run. He predicts the crypto token might rise to as high as $27 at this market peak.
At the time of writing, XRP is buying and selling at round $0.54, up over 2% within the final 24 hours, in keeping with data from CoinMarketCap.
XRP value exhibits bullish momentum | Source: XRPUSDT on Tradingview.com
Featured picture from Bitcoinist, chart from Tradingview.com
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