Ripple Price Prediction: The Potential for a 4,00% Gain – Fact or Fantasy?
What does Ripple’s price prediction say about XRP’s ability to keep up with the market leaders Bitcoin and Ethereum?
Ripple ( , XRP), has been in the limelight for a while now but not for the reasons that its fans might have hoped. XRP’s performance has been disappointing since the beginning of the year.
Ripple has lost nearly 15% of its value, which is currently $0.53. While Bitcoin and Ethereum have risen by 69% YTD, and other altcoins by more than 100%, Ripple’s value has fallen by almost 15%.
Ripple’s business operations have made significant strides despite this poor performance.
Ripple recently announced a partnership with Clear Junction that will facilitate secure and instant GBP and EUR payouts to Ripple payment customers.
This partnership will expand Ripple’s capabilities and reach in the financial sector. Ripple’s website hinted that it would have more customers by the end the year, through this partnership. This could enhance its market share.
In addition to this, Ripple’s CEO Brad Garlinghouse recently appeared in Fox Business and advocated for the approval multiple altcoin ETFs .
He said that investors should be able to diversify their portfolios in the same way they do with commodities such as gold and silver.
Garlinghouse confidently declared that an XRP exchange-traded fund was “inevitable” when he recalled the days where XRP was ranked as the second largest digital asset in terms of market capitalization.
Despite the positive developments, XRP is still under threat from the looming lawsuit with the U.S. Securities and Exchange Commission.
The big question is: Where will XRP go next? Will legal clarity give XRP a boost in price or will uncertainty continue to drag it down?
In light of this development, let’s dig deeper to understand Ripple’s price forecast.
Ripple and the SEC: The ongoing battle
The legal battle between Ripple, the SEC and other parties has been an exciting rollercoaster ride of twists and turn. Each development has sparked speculations in the crypto-world.
This high-stakes fight began in December 2020, when the SEC accused Ripple that it had raised over $1.3 billion by selling XRP through an unregistered security offering.
In July 2023, U.S. district judge Analisa Torres issued a landmark decision in the Ripple vs. SEC lawsuit. She determined that Ripple’s sales of XRP were securities under federal law but not sales to the public.
Judge Torres made her decision using the Howey Test. This is a legal standard that was used in a Supreme Court case from 1946. She determined that Ripple’s pitch was understood by institutional investors as a speculative, investment-like investment.
She ruled, however, that the programmatic sale of XRP to retail investors via exchanges failed to meet this standard as these buyers were not aware of Ripple’s statements regarding XRP’s potential profits.
The crypto industry hailed the decision of Judge Torres as a major victory, since it could limit the SEC’s authority over cryptos that are traded on public exchanges.
Recent developments have heated up the case. Ripple has filed a letter in support of its motion to seal the data relating to SEC’s judgment and remedy motion.
Ripple initially wanted to redact and seal certain financial documents and evidence, but this was opposed by the SEC.
The SEC claimed that the financial and security sales information was vital, since it was “judicial documents”, which were central to arguments regarding remedies and could affect the court’s decisions.
Ripple , however, contends these historical contracts are not relevant because they have changed their XRP sale procedures. The company stated that it does not sell XRP in over-the counter transactions which the court classified as “institutional” sales.
Ripple instead sells its XRP product to customers, who can then use it with the on-demand liquid (ODL) service. This new product does not have the controversial terms that were in the over-the counter contracts before, like discounts for sophisticated counterparties.
Both parties submitted their documents and briefs before the magistrates in order to complete the final phase of this lawsuit. The decision of the court could be made at any moment, adding a new layer of tension to an already dramatic legal battle.
Judge Netburn will be handling the latest developments. She has been nominated as a federal district judge for the U.S. District Court for Southern District of New York. Her decisions could have a major impact on the future of XRP, and establish important precedents in the crypto industry.
What’s next in Ripple’s future?
Ripple has stepped up its game as the legal battle against the SEC continues. This is not only in the courtroom, but also on the market, and in political arenas.
Ripple is planning to launch a USD-backed Stablecoin . This stablecoin will be fully backed up by US dollar deposits and short-term US Treasury bills, as well as other cash equivalents.
Ripple estimates that the stablecoins market will reach $2.8 trillion in 2028. This is an increase from $162 billion currently. Ripple wants to take advantage of this growing demand. The stablecoin is initially available on both the XRP Ledger(XRPL) blockchain and Ethereum.
Ripple plans to extend its reach to other Blockchains, as well as decentralized finance ( ), resulting in more opportunities, use cases and liquidity for the XRPL Community and beyond.
Ripple, in addition to its product innovation, is actively involved in shaping the political landscape in the U.S.
recently announced that it would contribute $25 million to Fairshake. Fairshake is a federal super-PAC dedicated to supporting crypto-friendly and pro-innovation candidates for the 2024 elections.
Ripple’s contribution is an addition to the $25,000,000 it contributed in 2023. It is part of a industry-wide initiative to promote policies which support financial innovation in the U.S.
Brad Garlinghouse said that Ripple, the crypto industry and regulators cannot be silent when they impede innovation. Ripple wants to make sure that crypto is represented in the upcoming U.S. elections.
Ripple Price Prediction: Will Ripple Price Rise?
Recent analyses suggest XRP could be poised for a price explosion fueled by legal clarity and technical patterns.
DustyBC is a prominent cryptocurrency analyst who shared a chart that predicted a possible “God Candle” for XRP. This could push its value above $28. This Ripple price prediction represents an astounding 4,000% increase in price.
DustyBC’s analysis is based on a symmetrical triangular pattern. This technical formation indicates that XRP’s price has been consolidating for the past year, with a possible breakout looming.
Javon Marks is another crypto enthusiast who shared an even more positive outlook. Marks believes that XRP’s growth could reach $200 if the path is fully logarithmic.
Marks’s Ripple cryptocurrency price prediction is based upon Ripple’s historical performance. XRP saw a run of over 108,000% during the 2017-2018 bullmarket.
He thinks a similar rally, if not a more substantial one, could be coming. He points to a possible 33,030% rise from current levels.
Another crypto analyst argued Ripple’s ongoing 3-year battle with SEC was the reason for XRP underperformance during the previous bull run.
This prolonged consolidation period combined with the historical ability of this stock to soar dramatically (100% in 60 days, and 61,000% within 280 days, in 2017) suggests that there is potential for future gains.
According to technical analysts the prolonged consolidation phase often leads to substantial growth, making XRP a compelling investment to watch.
Not all Ripple cryptocurrency price predictions are as bullish. Wallet Investor Ripple’s price prediction for 2024 predicts XRP at $0.579 by 2025 and $0.478 in 2024.
DigitalCoinPrice, on the other hand offers a more positive Ripple Price Prediction for 2025. It places XRP at a price of $1.29. They also expect XRP will reach $3.88 in 2030, reflecting an optimistic outlook for Ripple’s price prediction.
Remember that these XRP and Ripple forecasts are based upon current market trends, analyst opinions, and technical analysis. These predictions can and do often go wrong.
Do not use these XRP predictions as a basis for any investment decisions. Always do your own research. Never invest more money than you can afford.
