Turkish lire; Dr

• XRP is trading at $0.52, and some analysts are predicting potential rises to $5.85, $18.22, and even as much as $100, although extreme targets are unlikely.
• The ongoing lawsuit between Ripple and the Securities and Exchange Commission is significantly impacting the asset's price, with the company's district court stoking optimism about a potential upside.

The odds of XRP being ridiculously high

Although a Brief Prices rose above $0.70 in mid-March, and Ripple's XRP token has been a huge success Not positioned itself among the best performing cryptocurrencies this year. It is currently trading at around $0.52 (according to CoinGecko data), which is a slight increase compared to the number seen last month.

Many analysts believe that the asset could break out of its current price position and move towards somethingOn outrageous goals. One example is X Dark Defender user, who Believes XRP price could rise to $5.85 and later reach $18.22:

“As long as it is maintained, the five-wave Elliott wave structure targeting $5.85 and $18.22 remains intact. Any further moves between $0.3917 to $0.6649 are sideways and normal.”

Earlier this year, the analyst set a more ambitious target of $20, while EGRAG CRYPTO to caution The XRP Army must “stay steady” as a price “flare-up” may be on the horizon.

One of the most bullish price predictions this year was made by JackTheRippler, who predicted a huge rise to $100.

Still, None of The above mentioned can compare To analyze CryptoBull from 2023. At that time, user X Proposal That XRP could rise to a staggering $470 at some point in the future.

It is worth noting that this The level will likely remain a mirage given that the asset's market capitalization would have to exceed $200 trillion for that to happen. Currently, the entire market cap of the cryptocurrency industry is “only” $2.5 trillion.

Impact of Ripple's lawsuit against the SEC

Considered a lot lawsuit Between the two entities is a major factor contributing to XRP price movements. The case, which began in December 2020, recently entered the trial phase, and some see the SEC as the underdog due to Ripple's three district court victories throughout 2023.

The legal battle has witnessed many developments recently, and according to American lawyer Jeremy Hogan, the two parties are now… Expect judge's verdict.

A decisive victory for Ripple could trigger a bull run for XRP, while the opposite scenario could halt the upward movements of the asset as happened in December 2020 when the agency initially went after the company. For those interested in learning more about the lawsuit and its details, please take a look at the dedicated video below: