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

Crypto analyst JackTheRippler has raised the potential of the XRP value rising to $100 quickly sufficient. As a part of his prediction, he talked about what must occur for the crypto token to realize such formidable heights. 

How XRP Value May Rise To $100

JackTheRippler advised in an X(previously Twitter) post that the XRP value hitting $100 was “inevitable” as soon as the case between the Securities and Exchange Commission (SEC) and Ripple got here to an finish. Moreover, he predicted that XRP might rise to as excessive as $10,000, claiming that the crypto token hitting 5 figures was achievable after the lawsuit.

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The analyst’s remarks once more spotlight the belief amongst members of the XRP neighborhood that the SEC’s lawsuit towards Ripple has drastically hindered XRP’s development. Particularly, the lawsuit is believed to be why XRP underperformed within the 2021 bull run, having made outstanding strides within the 2017 bull run (lengthy earlier than the lawsuit was instituted). 

In the meantime, in his remarks, JackTheRippler alluded to XRP gaining regulatory clarity as soon as the case between the SEC and Ripple was over. This assertion caught the eye of a few of his followers, who pointed out that it had gotten readability following Judge Analisa Torres’ ruling that XRP isn’t a safety. 

Curiously, XRP has did not mount any vital run regardless of gaining this readability final 12 months. That is one motive why some XRP holders appear to have misplaced religion within the crypto token, as expectations had been excessive following Decide Torres’ ruling. Nonetheless, nothing a lot occurred because the crypto token briefly rose on the again of the ruling however steadily declined within the following weeks. 

Subsequently, these holders will doubtless be cautious about getting their hopes excessive regardless of JackTheRippler’s optimism since XRP might nonetheless keep its unimpressive value motion even after the SEC’s lawsuit is over. 

The SEC’s Lawsuit Could Not Be Ending Anytime Quickly

In the meantime, it’s value noting that the case between the SEC and Ripple might even drag on past this 12 months, regardless of the end result of the penalties stage, as each events are prone to enchantment sure rulings. Which means XRP holders may need to attend some time to see if the crypto token hits $100 based mostly on JackTheRippler’s prediction. 

If the case is extended past this 12 months, XRP might miss out on attaining its true potential on this bull run if the lawsuit is certainly appearing as a stumbling block to its progress. The lawsuit has, nonetheless, not stopped crypto analysts like Egrag Crypto from making bullish predictions for XRP on this bull run. He predicts the crypto token might rise to as high as $27 at this market peak. 

On the time of writing, XRP is buying and selling at round $0.54, up over 2% within the final 24 hours, in line with data from CoinMarketCap. 

XRP value reveals bullish momentum | Supply: XRPUSDT on Tradingview.com

Featured picture from Bitcoinist, chart from Tradingview.com

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