John Deaton, the lawyer representing over 75,000 XRP holders, has recently addressed XRP doubters, who think XRP’s price will remain in the current range for a very long time.
Obviously, the ongoing lawsuit between Ripple, the US-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC), has been causing a massive drawback to the growth of the digital token XRP in terms of price.
Read Also: Based on Ripple CTO’s Assumed ATH, Analyst Predicts $27 XRP Price. Here’s the Timeline
Lots of analysts have showcased their faith in the future prospect of the digital asset, especially after the long-standing lawsuit. Many believe that once the lawsuit ends in favor of Ripple, XRP may see a new all-time high in a matter of days.
Many Will Buy XRP at Prices Higher than $1
Attorney John Deaton, who has been resolutely behind Ripple and XRP since the lawsuit started in December 2020, has said he’s baffled that some investors are not seeing the current price of XRP as an investment opportunity.
Deaton said these doubters will eventually purchase the digital asset but at prices higher than $1.
The top lawyer further added that the fear of missing out (FOMO) may not kick in until XRP hit $2.
John Deaton tweeted, “XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that fomo won’t likely kick in until $2.”
#XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that fomo won’t likely kick in until $2.
— John E Deaton (@JohnEDeaton1) May 29, 2023
XRP Market Cap Could Rise Up To $1 Trillion
As aforementioned, bullish predictions have been pouring in for XRP over the past few days. A pseudonymous crypto market watcher referred to as Nick also saw and highlighted similar bullishness in XRP’s long-term price.
In a tweet a few days ago, Nick pointed out that if it weren’t for the lawsuit filed against Ripple by the SEC, XRP would have grown far beyond its current level in terms of price.
Read Also: Atlanta Fed Reserve Bank Describes XRP as an “International Payment Medium or Settlement Coin”
He said with Ripple’s expansion and the progress in the lawsuit, a $1 trillion market cap, which could make XRP trade at relatively $19, is not impossible for the digital asset.
Nick noted:
“If you were around in 2020, then you probably know of the historical XRP $20-$30 price predictions. Although they never morphed into reality, I do believe we will see a double-digit XRP eventually.
“The SEC suppressed price action greatly on XRP. I do wonder where we would be today if it weren’t for the lawsuit. Thanks for protecting retail investors, right?
“The good news is that we still have the opportunity to accumulate under .50 and we might even get a chance at 0.20-0.30 again. Today we know that Ripple is expanding it’s #crypto offering to institutional giants through tokenization, liquidity management, CBDC/Stablecoin issuance & much more. The XRPL continues to thrive with incredible development updates, user activity & growth, as well as more and more use cases.
“There is so much more substance behind XRP today than 2017/2018 for example. I have heard arguments of there never being an ATH for XRP again, it’s ridiculous. The market cap of Bitcoin at ATHs was just over $1T and Ethereum has over $580B. It’s absolutely crazy to think that XRP will never be worth $500B-$1T+ with everything happening behind the scenes. Patience is a virtue, those who see the vision will be rewarded.”
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