The XRP price has seen a drop in the last few days. The closer a possible judgment in the legal dispute with the US Securities and Exchange Commission (SEC) gets, the more volatile the price of the XRP coin seems to be. If we now assume that Ripple will be acquitted in the lawsuit, the XRP price could rise massively. But how high can XRP price reach after Ripple wins the SEC lawsuit?
How has the XRP price moved in the last few weeks?
Over the past few weeks, there has been a slight decline in the price of XRP. Despite a rise in price from $0.37 to $0.57 in March, the XRP coin has experienced a drop recently. Throughout the first three weeks of April, the price was stable above $0.50. However, about 1.5 weeks ago, the XRP price plummeted by approximately 20%, reaching $0.44 before rebounding slightly and hovering around $0.47 in the past few days.
How is Ripple’s litigation with the SEC going?
The outcome of the legal dispute between Ripple and the American Securities and Exchange Commission (SEC), as well as the potential penalties faced by Brad Garlinghouse and Christian Larsen for illegal securities trading, is perhaps the most crucial question in the crypto market. The verdict is expected to be announced in the coming months, and there are conflicting reports about which way it could go.
It is impossible to predict if Ripple will face any punishment or if they will be acquitted. However, if we assume that Ripple will be cleared of any wrongdoing, the XRP price could experience a significant surge. The extent of this potential price increase remains uncertain.
How high will the XRP price rise if Ripple emerges victorious?
So we can now speculate what should happen if Ripple were to be acquitted in the coming weeks or months. An increase in the XRP price in the days and weeks after the decision is almost certain. But how high could the price rise?
A rise to $1 is very realistic in this case. The XRP price would only have to more than double. A positive judgment should not only increase the XRP price, but also the price of many other Altcoins.
A move to the $5 or even $10 mark seems unlikely. The XRP price would reach its all-time high again. That seems unlikely in the current bear market. In the coming bull market between 2024 and 2026, a rise to $10 could be possible again.
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Source: https://cryptoticker.io/en/how-high-can-xrp-price-reach-after-ripple-wins-the-sec-lawsuit/