JackTheRippler Crypto Analyst raised the possibility of XRP price rising to $100 soon. As part of his prediction, he mentioned what needs to happen for the crypto token to reach such ambitious heights.
How XRP Price Could Rise to $100
JackTheRippler suggested in an X (formerly Twitter) publish that the price of XRP reaching $100 was “inevitable” since the case Between the Security and Exchange Commission (SEC) and Ripple have come to an end. Furthermore, he predicted that XRP could rise to as high as $10,000, claiming that the crypto token reaching five figures would be achievable after the lawsuit.
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The analyst’s observations again highlight the belief among members of the XRP community that the SEC’s lawsuit against Ripple has greatly hampered the growth of XRP. Specifically, the process is believed to be the reason why XRP underperformed in the 2021 bull runhaving made notable strides in the 2017 bull run (long before the lawsuit was filed).
Meanwhile, in his comments, JackTheRippler alluded to XRP’s gain regulatory clarity as soon as the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who pointed which became clear after Decision by judge Analisa Torres that XRP is not a security.
Interestingly, XRP has failed to make any significant runs despite gaining this clarity last year. This is one of the reasons why some XRP Holders appear to have lost faith in the crypto token as expectations were high following Judge Torres’ decision. However, nothing happened as the crypto token briefly rose due to the decision but steadily declined in the following weeks.
Therefore, these holders will likely be cautious in raising their hopes despite JackTheRippler’s optimism, since XRP may still maintain its unimpressive price action even after the SEC lawsuit ends.
The SEC lawsuit may not end anytime soon
However, it is worth noting that the case between SEC and curl it could even extend beyond this year, regardless of the outcome of the sanctions phase, as both parties will be able to appeal certain decisions. This means that XRP holders may have to wait a while to see if the crypto token hits $100 based on JackTheRippler’s prediction.
If the case continues beyond this year, XRP could lose its true potential in this bull run if the lawsuit is in fact acting as a hindrance to its progress. The process, however, did not stop crypto analysts like Egrag Crypto to make bullish predictions for XRP in this bull run. He predicts that the crypto token could rise to as high as $27 at this market peak.
At the time of writing, XRP is trading at around $0.54, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
XRP price shows bullish momentum | Source: XRPUSDT on Tradingview.com
Featured image from Bitcoinist, chart from Tradingview.com
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