Recently, the release of Hinman’s documents overturned Ripple’s predictions of victory against the SEC. Despite this, some believe that the firm’s native crypto has significant upside potential.
Ripple’s XRP price willing to reach $10
The chances of crypto company Ripple winning its lawsuit against the SEC have dwindled. This, since the disappointing disclosure of Hinman’s documents, considered for several months as the key to the trial.
However, crypto analyst Crypto Assets Guy thinks that XRP, Ripple’s native currency is not to be buried. The asset would, according to him, still be a candidate for the explosion of its price. The latter should rise to $3.5, then to $10 from around $0.50 currently.
The surge in the price of XRP despite the current legal context is due to the combination of multiple factors. The first of these circumstances consists in making the crypto available on certain exchanges. In particular, those who have delisted it.
A second circumstance could impact the price valuation of XRP according to Crypto Assets Guy. It is about the possible IPO of Ripple which could trigger a new wave of bullish crypto. This trend should strengthen as the crypto company increases strategic collaborations with banking institutions.
It must be said that these predictions are essentially subjective. Given the gravity and circumstances of the crypto market, their realization remains essentially hypothetical, even questionable.
However, JackTheRippler, another crypto analyst, sees XRP reaching $1,000 in valuation. His projection, which understates that of Crypto Assets Guy, has pleased many XRP supporters.
For many others, it would take a miracle for such expectations to materialize. Perhaps the crypto whales have the latter’s secret? Last month, when XRP crashed, many of them rushed into XRP. They thus offered themselves up to 360 million XRP.
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