While the XRP price continues to trade far below its all-time high, a widely followed crypto analyst has projected a potential surge in the asset’s dollar value, calling different targets based on certain future occurrences.
XRP currently ranks 6th position on the biggest cryptocurrencies by market cap list, indicating high investor interest in the crypto asset. This growing adoption of XRP is attributed to several factors including its usage by Ripple for the company’s On-Demand Liquidity (ODL) product for cross-border payments solution.
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However, the XRP Ledger (XRPL) native token has been performing below investors’ expectations following the securities law violation lawsuit filed against Ripple, a San Francisco-based crypto solutions company by the United States Securities and Exchange Commission (SEC) in December 2020.
With the longstanding lawsuit may be slowly winding down, many crypto investing experts and professional technical analysts have repeatedly weighed in on the potential of XRP to rise dramatically in value after the SEC lawsuit against Ripple and its execs ends.
Four Major XRP Price Targets Revealed
Among those to drop a price prediction for the XRP Ledger native token is the popular Twitter handle Crypto Assets Guy. Per a Thursday tweet, the pseudonymous crypto strategist and renowned XRP proponent revealed three potential highs for the sixth-largest cryptocurrency by market capitalization, citing the respective catalysts for reaching each of the three predicted XRP levels.
According to the analyst, a settlement in the ongoing Ripple-SEC lawsuit would take the XRP price to $3.50, representing an increase of over 648% from its value at the time of writing. As implied by him, a settlement in the lawsuit would trigger most top exchanges in the United States including Coinbase and Kraken to relist XRP on their trading platforms.
Read Also: XRP Price Surges Amid Increasing Optimism in the Ripple vs. SEC Legal Battle
This possible development has the potential to drive the XRP price higher to $5, Crypto Assets Guy said, adding that the earlier discussed Ripple Initial Public Offering (IPO) offering would catapult XRP’s price to $7. More so, the expert believes that as more traditional banks seal partnerships with Ripple to facilitate payments, XRP could reach a new all-time high of $10.
Settlement announcement
$3.50Relisting in US exchanges
$5Ripple IPO
$7Banks partnerships
$10Stay realistic $XRP fam
— Crypto Assets Guy (@cryptoassetsguy) July 5, 2023
