The recent legal win of Ripple against the SEC has reverberated throughout the industry, causing waves of excitement and anticipation. Esteemed crypto analyst AJ predicts that this victory will be a game-changer for XRP’s price, catapulting it to new heights.
Why? Let’s explore!
A Victory for Cryptocurrency
AJ commends XRP for its groundbreaking victory in the lawsuit against the SEC, emphasizing that the resolution not only liberates XRP from the regulatory uncertainty imposed by the SEC but also sets a significant precedent for other cryptocurrencies. In the wake of this favorable outcome, major exchanges such as Binance US and Coinbase have reinstated XRP, cementing its legal status as a non-security.
Related: JP Morgan Declares Ripple’s Court Win a Crypto Industry Game-Changer
Delving deeper into the ruling, AJ highlights the distinction made between institutional sales and retail buying. According to the ruling, direct sales to investors, venture capitalists, and institutions meet the Howey Test’s investment contract standard. However, programmatic sales or retail buying from exchanges are not classified as securities, providing reassurance to retail investors.
The Road to $25
While XRP’s legal triumph provides immense optimism, AJ digs deep into the price predictions, focusing on the potential of XRP in the next bull run. XRP, launched in 2012, operates on the XRP Ledger Consensus Protocol. With a total supply of 100 billion coins, XRP’s circulation stands at about 53% as of now.
Monthly, a billion XRP is released from an escrow account as part of a planned roll-out over 55 months. However, most of the billion coins return to a separate escrow account. Although XRP’s tokenomics may appear somewhat opaque, AJ firmly believes in the currency’s potential.
Optimism Runs High
He estimates that by November 2025, approximately 5.84 billion new coins will be added to the supply, based on an average of 209 million coins added monthly since 2018. With this projected circulation, AJ forecasts that if XRP can regain its all-time high market cap of over $130 billion, its price could surge to around $2.23.
Related: Ripple (XRP) Price Prediction: Analyst Predicts Insane Rally To $18 Soon!
Despite this being a long journey, AJ remains optimistic, bolstered by the recent legal victory. With these points taken into account, the expert predicts that XRP could witness a dramatic increase to $25, offering a huge return potential for investors.
Source: https://coinpedia.org/altcoin/will-xrp-price-hit-ath-in-2023-analyst-predicts-potential-high-levels/