{"id":604646,"date":"2024-04-23T20:00:37","date_gmt":"2024-04-23T20:00:37","guid":{"rendered":"https:\/\/wncen.com\/?p=604646"},"modified":"2024-06-11T07:46:24","modified_gmt":"2024-06-11T07:46:24","slug":"xrp-price-will-reach-100","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-will-reach-100\/","title":{"rendered":"Analyst Says XRP Price Will Reach $100, But This Needs To Happen First"},"content":{"rendered":"
Crypto analyst JackTheRippler<\/span><\/a> has raised the possibility of the <\/span>XRP<\/span><\/a> price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights.\u00a0<\/span><\/p>\n JackTheRippler suggested in an X(formerly Twitter) <\/span>post<\/span><\/a> that the XRP price hitting $100 was \u201cinevitable\u201d once the <\/span>case<\/span><\/a> between the <\/span>Securities and Exchange Commission<\/span><\/a> (SEC) and Ripple came to an end. Furthermore, he predicted that XRP could rise to as high as $10,000, claiming that the crypto token hitting five figures was achievable after the <\/span>lawsuit<\/span><\/a>.<\/span><\/p>\n Related Reading: Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading<\/a><\/p>\n The analyst\u2019s remarks again highlight the <\/span>belief<\/span><\/a> among members of the XRP community that the SEC\u2019s lawsuit against Ripple has greatly hindered XRP\u2019s growth. Specifically, the lawsuit is believed to be why XRP underperformed in the <\/span>2021 bull run<\/span><\/a>, having made remarkable strides in the 2017 bull run (long before the lawsuit was instituted).\u00a0<\/span><\/p>\n Meanwhile, in his remarks, JackTheRippler alluded to XRP gaining <\/span>regulatory clarity<\/span><\/a> once the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who <\/span>pointed<\/span><\/a> out that it had gotten clarity following <\/span>Judge Analisa Torres\u2019 ruling<\/span><\/a> that XRP isn\u2019t a security.\u00a0<\/span><\/p>\n Interestingly, XRP has failed to mount any significant run despite gaining this clarity last year. This is one reason why some <\/span>XRP holders<\/span><\/a> seem to have lost faith in the crypto token, as expectations were high following Judge Torres\u2019 ruling. However, nothing much happened as the crypto token briefly rose on the back of the ruling but steadily declined in the following weeks.\u00a0<\/span><\/p>\n Therefore, these holders will likely be cautious about getting their hopes high despite JackTheRippler\u2019s optimism since XRP could still maintain its unimpressive price action even after the SEC\u2019s lawsuit is over.\u00a0<\/span><\/p>\n Meanwhile, it is worth noting that the case between the <\/span>SEC and Ripple<\/span><\/a> could even drag on beyond this year, irrespective of the outcome of the penalties stage, as both parties are likely to appeal certain rulings. This means that XRP holders might have to wait a while to see if the crypto token hits $100 based on <\/span>JackTheRippler\u2019s prediction<\/span><\/a>.\u00a0<\/span><\/p>\nHow XRP Price Could Rise To $100<\/h2>\n
The SEC\u2019s Lawsuit May Not Be Ending Anytime Soon<\/h2>\n