In a major victory for the cryptocurrency market, Ripple has won its lawsuit against the SEC. The news has caused a stir in the crypto community and is expected to have significant implications for the future of digital currencies.
The XRP Ledger is decentralized, and its operations would not be affected even if Ripple lost the ongoing legal case against the SEC.
The short answer is YES, XRP can reach $100. And it can go as high as $870.
In particular, the regulatory body has the authority to levy a fine on Ripple Labs and demand that the business register XRP as a security. As a consequence, a judgment of this kind would certainly result in XRP being treated in the same manner as conventional securities, which may restrict both its adoption and usage.
In 2020, the U.S. Securities and Exchange Commission initiated a lawsuit against Ripple alleging the company and its executives illegally sold XRP, a cryptocurrency its founders created in 2012, to investors without first registering it as a security.
To reach $500, XRP's market cap will be worth $25.9 trillion, which would be higher than the GDP of America today. It would be incredibly impractical for XRP to reach this level.
Shortly thereafter, they were joined by Chris Larsen, and the group started the Company NewCoin in September 2012 (quickly renamed OpenCoin and now named Ripple). The XRPL founders gifted 80 billion XRP, the platform's native currency, to the company. Ripple has since put the majority in escrow.
Some experts estimate that XRP could match previous all-time highs of $3.84 hours after the court decision. However, the most optimistic token holders put the XRP coin at $21.84 by late 2023 or early 2024, bringing investors huge returns.
According to these XRP price predictions, most investors are confident that Ripple will not hit $10. However, the predicted price of $5 seems reasonable. Eventually, the value of $5 will also represent a 15-times return on investment, which is fantastic.
Notably, if XRP prevails in the case, the panel of financial experts in Finder's January 2023 report anticipates that the price of XRP would trade at $3.81 by the end of 2025. Nevertheless, if the SEC wins in court, it will instead reach $0.98.
Will XRP reach $50? Possibly, at some future time. However, most analysts expect XRP to remain under $10 at least through 2030.
If you're wanting to get an in-depth overview of the XRP and its future, you're at the right place. This article reviews this coin's prospects and what it holds in the future for the crypto market and investors. Plus, we've answered the question, "Can XRP reach $1000?" Overall, this is unlikely in the coming years.
XRP will be valued $17 to $20 at the minimum and may surge up to $100 in 2030, the crypto news website added. Ripple Coin News predicts that Ripple could hit $30 in the next 10 years.
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According to the latest long-term Ripple price forecast, XRP will reach $0.75 by the end of 2023 and $1.2 by the end of 2025. Ripple will then rise in value to $2.45 in 2028, and $3.81 in 2030.
When an exchange delists a coin like XRP, the coin is no longer traded on the platform, and users are usually given a certain timeframe to withdraw their coins from the exchange. If the users do not withdraw their coins within that timeframe, the coins may be permanently lost.
Caption Options. If the court rules that XRP is a security, it would follow that almost all other crypto tokens are too, making them subject to the SEC's supervision.
According to the technical analysis of XRP prices expected in 2023, the minimum cost of XRP will be $$0.389. The maximum level that the XRP price can reach is $$0.495. The average trading price is expected around $$0.601.
Most experts agree that Ripple's price can rise to the $250 range–$3 in ten years based on current predictions. According to Ripple Coin News, the price of Ripple might reach $30 in ten years. Smartereum is even more positive, predicting that Ripple will hit $250 to $300 in the next ten years.
If the court rules in Ripple's favor, XRP's value could skyrocket. However, a ruling against it could send XRP to zero. Given the nature of the risk involved, long-term investors should avoid XRP.
As per our technical analysis and Ripple price prediction, the XRP cryptocurrency could have an average price of $1.02 in 2024, with moderate positive momentum. The potential low of the Ripple (XRP) is expected to be $0.84, with a potential high of $1.21.
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XRP Price Prediction for 2024-2030
Mack believes XRP should scale to the $550 territory before hitting a $7,000 value. His ultimate price goal for XRP currently sits at $10,000, which he expects the asset to reach by 2030.
How many XRP are there? The current circulating supply of XRP is 51.98B. This is the total amount of XRP that is available.
How many XRP are there in the world? As of 12 April 2023, there were 51,688,470,797 XRP in circulation out of a total supply of 99,989,014,677.