Following the recent appeal in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), speculation about XRP’s future trajectory has intensified.
Although there are bearish predictions, many in the community are confident that the asset’s price will rise. One of the boldest predictions comes from XRP Avenger (@XRP_Avengers), a prominent figure in the cryptocurrency community on X.
XRP Avenger’s post suggests that XRP’s price could quickly soar to all-time highs once XRP wins on appeal. He envisions a scenario where the token reaches around $40 as Ripple announces new partnerships with U.S.-based customers and launches products involving XRP.
Notably, Ripple has filed a cross-appeal, and Ripple Chief Legal Officer Stuart Alderoty has stated that Ripple will ensure nothing is left on the table after the appeal.
A victory for the company would provide full legal clarity for the digital asset. Additionally, XRP Avenger anticipates that XRP will see increased adoption by U.S. banks, which could drive the token’s value to an impressive $500.
XRP Army Responds
While this forecast is ambitious, reactions within the XRP community remain divided. Some users share Avenger’s enthusiasm, citing similar bullish predictions. One response expressed excitement, stating, “I like your belief system! I’m all about it!” Another user speculated on XRP’s potential daily rise to approximately $33, closely aligning with Avenger’s forecast.
However, not everyone agrees with such optimistic projections. Skeptics think XRP’s price movements have historically been slower than anticipated, even after significant legal victories. One user highlighted this issue, noting, “This was said in July 2023 after the summary judgment.
Not enough people outside your XRP echo chamber even care about XRP.” This response highlights a common criticism. Despite Ripple’s achievements, the token has struggled to gain widespread traction outside its immediate supporter base.
Another user pointed out a fundamental issue with expectations of a massive price spike: XRP’s total market capitalization. “If you look at the market cap, it has to go to about 80 billion just to get to around $1.50.” This comment highlights the significant liquidity required for XRP to achieve even moderate price increases, let alone the $40 or $500 targets mentioned by Avenger.
Furthermore, the user argued that Ripple’s stablecoin, not XRP, is likely to be the primary asset used by banks, suggesting that XRP’s utility may not drive as much demand as some hope. However, Ripple’s Chief Technology Officer has weighed in on this, revealing his preference for using XRP, and noting that the best asset would be used for each transaction depending on the circumstances.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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