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Ripple (XRP), the token that started reversing its gains with a major victory for blockchain company Ripple in the lawsuit against the U.S. Securities and Exchange Commission (SEC), continues to experience a downward trend. However, there is still hope among investors, despite the token following the rest of the cryptocurrency market.
Ripple Price Expectation!
Popular altcoin XRP demonstrated its ability to significantly increase its price, as it did when it reached its all-time high of $3.40 (ATH) in January 2018, a 1,445% increase from just a month earlier when it was at $0.22. Considering that XRP’s current price is $0.66, experts believe that reaching $10 is truly possible as it would represent a 1,415% increase.
Taking this into account, analysts have analyzed the factors that could help XRP approach the coveted $10 price level, either on its own or in conjunction with other factors. While Ripple has achieved a major victory against the SEC, the case is not yet over, especially as some judges question Judge Analisa Torres’ decision. If Torres’ decision is considered to have given a strong impetus to XRP, a similar outcome could occur if the case ultimately favors Ripple.
Ripple’s $10 Target!
According to Cryptoinsightsuk, a cryptocurrency market expert, a potential price outcome for the XRP case after the SEC is $10, and even a small bull run to $15 (another scenario includes a further increase to $20 or even $30).
Designed as a fast, cost-effective, and efficient way to transfer value across borders, XRP has already attracted the attention of some major financial institutions, and increased interest from powerful stakeholders in this sector could help increase both its demand and price.
