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- The price of XRP has been volatile due to the ongoing legal battle between Ripple and the SEC, with recent highs hitting around $0.85 and later $0.55.
- Analysts offer various future predictions for XRP: EGRAG CRYPTO at $27, Oaksacorn at $43, and Collin Brown at $10 if Ripple pursues an IPO.
- Shannon Thorpe’s extreme forecast suggests a potential rise for XRP to $500, a significant jump from the industry’s current market cap.
Some shocking XRP predictions
Ripple’s native token – XRP – has seen enhanced volatility in the past few months due to ongoing developments surrounding the legal battle between the cryptocurrency company and the US Securities and Exchange Commission (SEC).
The coin’s price rose more than 70% and surpassed $0.85 in July when Ripple scored its first historic victory against the regulator. In the following months it fell to less than $0.50 before rising again when a US court rejected the SEC’s desire to appeal the ruling. However, the upside was not that impressive, as XRP touched the $0.55 mark.
This volatility and the assumption that Ripple could achieve a decisive victory against the watchdog has given analysts the opportunity to envision a significant increase in the price of the coin in the future.
One such person is popular X (Twitter) user EGRAG CRYPTO. They note that Ripple’s second straight win is a bullish event that could push XRP higher to $27:
“I fully support the exciting ride of $27, but we must also be prepared for the unexpected, which could put XRP’s legendary title, ‘The Rise of The Phoenix,’ to the test,” they stated.
Cryptocurrency trader Oksakorn observed some charts and compared the current market to the 2015-2017 cycle. We conclude That XRP may rise to $43 in the future.
Then, blockchain researcher who goes by the handle they Proposal XRP could jump towards $10 if that happens. However, the company did not reveal such plans.
The wildest bet
While all of the above predictions seem somewhat unreasonable given the current price of XRP, one particular prediction shocked the community last month.
This came from cryptocurrency analyst Shannon Thorpe, who… Supposedly The coin’s valuation could rise to the ridiculous level of $500 in the next few years.
It is worth noting that the market cap of XRP would have to rise to $250 trillion for this to happen. Remember, the entire market cap of the industry was around $3 trillion in 2021 when Bitcoin (BTC) reached an all-time high of around $70,000.
Those who are curious to see how XRP will perform during the next bull run according to the AI-powered language model ChatGPT can take a look at the video below:
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