XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says

Christian Encila

4 months ago

3 mins read

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Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors. But the end of this lawsuit is very close, and experts are expecting a big swing in the price movement of XRP.

Just how high can the altcoin go once the legal battle is officially over?

Legal Resolution May Catalyze XRP Surge

The general consensus in the crypto community is that once Ripple’s battle with the SEC is done, XRP will have a huge rally. Many experts think that the uncertainty of the lawsuit has kept the price of XRP artificially low.

Once the legal cloud clears, the coin could touch new heights. The end of the lawsuit would most likely indicate that the regulatory hurdles that had been holding Ripple back are now finally behind them.

When they announce the SEC lawsuit is fully over it’s entirety possible $XRP jumps above $10. 🚀🚀🚀

— EDO FARINA 🅧 XRP (@edward_farina) January 28, 2025

A community expert recently said that if the right agencies announce the SEC vs. Ripple case is completely settled, the price of XRP could possibly rise to $10. This would be a record high for the altcoin, which has been stable around $3 since January 16.

XRP market cap currently at $177.8 billion. Chart: TradingView.com

The Coin’s Future Price, According To Expert Opinion

One of the prominent members of the crypto community, Edward Farina, thinks that after the litigation is settled, the token’s price would rise.

Farina predicted that once investors had faith in the initiative again, XRP’s market value would soar. He underlined that since it would give institutional investors clarity and security, the resolution of the SEC case would probably lead to a wider adoption of the crypto asset.

Unfortunately, 95% of $XRP holders are likely to sell at $10, missing out on the true long-term gains. Many have sold at $0.80, settling for far less.

Don’t make the same mistake by rushing into devaluated “stablecoins”. Make sure you’re locked in for the perpetual run.

— EDO FARINA 🅧 XRP (@edward_farina) November 25, 2024

A push to the $10 barrier would require over 200% surge from present levels, since XRP is now trading at $3.12. Such an increase is still within the realm of possibility for the altcoin, given its enormous 400% increase from November 5 to December 3 on the heels of the excitement surrounding Donald Trump‘s recent election win.

Market Optimism Hinges On Lawsuit Outcome

No doubt, the crypto market reacts sharply to regulatory clarity. Historically, price surges have followed the resolution of major legal challenges, and XRP is expected to follow a similar trend.

The outcome of the case could have a wider impact than just on XRP, likely improving perceptions about the entire cryptocurrency market. The favorable shift could lead to more institutional and retail investments streaming into XRP.

Featured image from Gemini Imagen, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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