Bitcoin

Rise

<a href="https://bitcoinist.com/ripple-ceo-success-for-xrp/" rel="nofollow">Crypto analyst JackTheRippler</a> has raised the possibility of the <a href="https://bitcoinist.com/bill-morgan-warns-of-drastic-xrp-decline-to-bitcoin/" rel="nofollow">XRP</a> price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights.&nbsp; 
<h2 id="how-xrp-price-could-rise-to-100">How XRP Price Could Rise To $100</h2> 
JackTheRippler suggested in an X(formerly Twitter) <a href="https://x.com/RippleXrpie/status/1782203558919581904" rel="nofollow">post</a> that the XRP price hitting $100 was “inevitable” once the <a href="https://bitcoinist.com/ripple-clo-provides-clarity-in-lawsuit/" rel="nofollow">case</a> between the <a href="https://www.newsbtc.com/crypto/sec-announcement-crypto/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.">Securities and Exchange Commission</a> (SEC) and Ripple came to an end. Furthermore, he predicted that XRP could rise to as high as $10,000, claiming that the crypto token hitting five figures was achievable after the <a href="https://bitcoinist.com/sec-xrp-lawsuit-ripple-co-founder/" rel="nofollow">lawsuit</a>. 
Related Reading: <a href="https://www.newsbtc.com/news/bitcoin/brazil-btc-7400-bitcoin-futures/">Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading</a> 
The analyst’s remarks again highlight the <a href="https://www.newsbtc.com/analysis/xrp/xrp-bull-run-bull-flag-formed/#:~:text=XRP%20Bull%20Run%20Confirmed%3A%20Largest%20Bull%20Flag%20In%20Crypto%20History%20Just%20Formed,-by%20Scott%20Matherson&amp;text=XRP%20could%20well%20be%20on,this%20is%20on%20the%20horizon.">belief</a> among members of the XRP community that the SEC’s lawsuit against Ripple has greatly hindered XRP’s growth. Specifically, the lawsuit is believed to be why XRP underperformed in the <a href="https://bitcoinist.com/rewards-2021-bitcoin-bull-buyers-finally-break-even/" rel="nofollow">2021 bull run</a>, having made remarkable strides in the 2017 bull run (long before the lawsuit was instituted).&nbsp; 
Meanwhile, in his remarks, JackTheRippler alluded to XRP gaining <a href="https://bitcoinist.com/path-to-crypto-regulatory-clarity-paved-by-ripple/" rel="nofollow">regulatory clarity</a> once the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who <a href="https://x.com/XRPete_crypto/status/1782204698709344518" rel="nofollow">pointed</a> out that it had gotten clarity following <a href="https://bitcoinist.com/ripple-judge-deems-xrp-sale-non-investment-contract/" rel="nofollow">Judge Analisa Torres’ ruling</a> that XRP isn’t a security.&nbsp; 
Interestingly, XRP has failed to mount any significant run despite gaining this clarity last year. This is one reason why some <a href="https://bitcoinist.com/top-10-xrp-wallets-11-supply/" rel="nofollow">XRP holders</a> seem to have lost faith in the crypto token, as expectations were high following Judge Torres’ ruling. However, nothing much happened as the crypto token briefly rose on the back of the ruling but steadily declined in the following weeks.&nbsp; 
Therefore, these holders will likely be cautious about getting their hopes high despite JackTheRippler’s optimism since XRP could still maintain its unimpressive price action even after the SEC’s lawsuit is over.&nbsp; 
<h2 id="the-sec-s-lawsuit-may-not-be-ending-anytime-soon">The SEC’s Lawsuit May Not Be Ending Anytime Soon</h2> 
Meanwhile, it is worth noting that the case between the <a href="https://bitcoinist.com/ripple-vs-sec-climax-briefing-deadlines/" rel="nofollow">SEC and Ripple</a> could even drag on beyond this year, irrespective of the outcome of the penalties stage, as both parties are likely to appeal certain rulings. This means that XRP holders might have to wait a while to see if the crypto token hits $100 based on <a href="https://bitcoinist.com/ripple-ceo-xrp-bitcoin/" rel="nofollow">JackTheRippler’s prediction</a>.&nbsp; 
If the case is prolonged beyond this year, XRP could miss out on achieving its true potential in this bull run if the lawsuit is indeed acting as a stumbling block to its progress. The lawsuit has, however, not stopped crypto analysts like <a href="https://bitcoinist.com/39000-xrp-price-to-hit-220/" rel="nofollow">Egrag Crypto</a> from making bullish predictions for XRP in this bull run. He predicts the crypto token could rise to <a href="https://www.newsbtc.com/analysis/xrp/crypto-4400-xrp-price-27/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.">as high as $27</a> at this market peak.&nbsp; 
At the time of writing, XRP is trading at around $0.54, up over 2% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow">data</a> from CoinMarketCap.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/dHpyFLVz/" alt="XRP price chart from Tradingview.com (Ripple crypto analyst)" width="3286" height="1530">

Analyst Says XRP Price Will Reach $100, But This Needs To Happen First

Tabla de contenidos

NewsBTC

Otros artículos publicados el 23 abr 2024

South Park Inspired Meme Coin $SNUKE Launches Presale On Solana (23 Apr)

New Meme Coins To Invest In Now – Tuesday, April 22 – Perezoso, Puff the Dragon, Doge Marley, Meg...

Europe’s largest banks are moving into crypto thanks to regulations — Bitpanda

Raboo (RABT) Captures Community Spotlight as NEAR and Litecoin Prices Surge

Bitcoin Maxi Shares How A 40X Dogecoin Investment And A 'Complete Stroke Of Luck' Got Him Into Cr...

Bitcoin Crisis in El Salvador: Hacker Group Leaks Information of Highly Promoted BTC App

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!