XRP Price Prediction: Will Ripple (XRP) Hit $1 Soon? What Will Happen After the SEC Lawsuit Settlement?

Ripple and the US SEC were in contention to secure victory in a lawsuit. That chapter has concluded, and Ripple is potentially a winner

Ripple and the Securities and Exchange Commission (SEC) were duking it out in court, each trying to secure a victory. Now, a chapter has concluded, and Ripple might be the victor, having reportedly been charged with a civic penalty of $125,035,150. This comes after the court found Ripple to be in violation of securities law. The SEC, being the SEC, is expected to appeal for a higher margin, but the chances of that happening are unfavorable. This is because the Biden-Kamala administration is believed to be extending its supportive hand to the crypto market.

This helps XRP, as the token aims to surpass the dollar mark as soon to be possible. For a long time, the lawsuit was believed to be holding XRP back. The market crash then followed this. However, the path is pretty clear for XRP and for every other token to rebound. Analysts believe that the correction phase has ended, and now is the time for an upswing. XRP aims to breach the mark of $1.

XRP price is currently trading at $0.5695, up by 1.15% in the last 24 hours and 10.19% in the last 7 days. This is remarkable, considering the market was significantly lower last week. Plus, a series of slips affected price movements on the chart.

The Spot Ether ETF has made its way into the market. Now, speculation is live about the next digital asset to hit the trading floor. XRP is anticipated to be next on the list. There is no official confirmation; however, interest in it speaks volumes.

The final verdict has given crypto enthusiasts hope that XRP could soon follow BTC for a massive uptick in value. It could go as high as $5 in the years to come. The closest target is $1, which is projected to be accomplished by the end of 2025, according to the XRP forecast. Alternatively, it could end the year on a lower note of $0.33 with an average value of $0.97. So, XRP can hit the dollar milestone but can also surrender to ongoing economic conditions like insufficient rate cuts or a resurgence of inflation and recession.

The long-term price target for XRP is $10, and the lowest range is $8. Decade-end is a likely target but a far-fetched dream. Successfully chasing the $10 mark would open the door to the next target of $15. Chances are Ripple will introduce or at least tease the possibility of its IPO. It is little known if that will happen in association with the ETF or as an independent event.

Suffice it to say that efforts will be invested to take XRP above $1. Crypto analyst LedgerMan believes that the surge will happen only after Ripple has settled its civic penalty. Meanwhile, the surge is credited to speculation around the ETF launch.

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