Crypto analyst JackTheRippler has the option of the XRP price will rise to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to reach such ambitious heights.
How XRP Price Could Rise to $100
JackTheRippler represented in an X (formerly Twitter) after that the $100 XRP price was “inevitable” once the XRP price reached $100 case between the Securities and Exchange Commission (SEC) and Ripple came to an end. Furthermore, he predicted that XRP could rise to $10,000, claiming that the five-figure crypto token was achievable after the court case.
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The analyst’s comments again emphasize the believe among members of the XRP community that the SEC’s lawsuit against Ripple has greatly hindered XRP’s growth. Specifically, the lawsuit is believed to be the reason why XRP underperformed in the US Bull Run 2021after making remarkable progress in the 2017 bull run (long before the lawsuit was filed).
Meanwhile, JackTheRippler alluded to XRP’s gains in his comments regulatory clarity once the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who orphan that clarity had subsequently emerged Ruling by Judge Analisa Torres that XRP is not a security.
Interestingly, XRP has failed to make a significant run despite gaining this clarity last year. This is one reason why some XRP holders appear to have lost confidence in the crypto token as expectations were high following Judge Torres’ ruling. However, not much happened as the crypto token rose briefly following the ruling, but fell steadily in the following weeks.
Therefore, these holders will likely be cautious about setting high expectations despite JackTheRippler’s optimism, as XRP could still continue its unimpressive price action even after the SEC’s lawsuit is over.
The lawsuit against the SEC may not end anytime soon
Meanwhile, it is worth noting that the case between the SEC and Ripple could even continue beyond this year regardless of the outcome of the penalty phase, as both sides are likely to appeal certain rulings. This means that XRP holders may have to wait a while to see if the crypto token reaches $100 JackTheRippler’s prediction.
If the case is extended beyond this year, XRP could miss out on its true potential in this bull run if the lawsuit is indeed a stumbling block to its progress. However, the lawsuit hasn’t stopped crypto analysts Egra Crypto of making bullish predictions for XRP in this bull run. He predicts that the crypto token could rise as high as $27 at this market peak.
At the time of writing, XRP is trading around $0.54, up over 2% in the past 24 hours. facts from CoinMarketCap.
XRP price shows bullish momentum | Source: XRPUSDT on Tradingview.com
Featured image from Bitcoinist, chart from Tradingview.com
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