Crypto analyst JackTheRippler raised the possibility of XRP the price jumps to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to reach such ambitious heights.
How XRP Price Could Reach $100
JackTheRippler suggested in an X (formerly Twitter) job that XRP price reaching $100 was “inevitable” once the case between the Security and Exchange Commission (SEC) and Ripple ended. Furthermore, he predicted that XRP could reach $10,000, saying the crypto token reaching five digits was achievable after the trial.
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The analyst's remarks once again highlight the belief Among members of the XRP community, the lawsuit filed by the SEC against Ripple has greatly hindered the growth of XRP. Specifically, the lawsuit is believed to explain why XRP underperformed over the past quarter. Running of the bulls 2021after making remarkable progress during the 2017 bull run (long before the lawsuit was filed).
Meanwhile, in his remarks, JackTheRippler hinted at XRP's gain regulatory clarity once the matter between the SEC and Ripple is concluded. This statement caught the attention of some of his supporters, who sharp that things had become clearer after Decision by Judge Analisa Torres that XRP is not a security.
Interestingly, XRP has failed to mount a significant run despite this clarity gained over the past year. This is one of the reasons why some XRP Holders appear to have lost confidence in the crypto token as expectations were high following Judge Torres' ruling. However, not much happened as the crypto token briefly rose following the decision but steadily declined over the following weeks.
Therefore, these holders will likely be cautious about their hopes despite JackTheRippler's optimism, as XRP could still maintain its unimpressive price action even after the SEC lawsuit ends.
SEC Lawsuit May Not End Anytime Soon
In the meantime, it should be noted that the matter between the DRY and ripple could even drag on beyond this year, regardless of the outcome of the sanctions phase, as both sides are likely 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 extends beyond this year, XRP may fail to reach its true potential in this bull run if the lawsuit does indeed serve as a stumbling block to its progress. The lawsuit, however, did not stop crypto analysts like Crypto Egra to make bullish predictions for XRP in this bull run. He predicts that the crypto token could reach up to $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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