Final Verdict of Ripple v/s SEC Lawsuit: Settlement Case to End in 2022 (2024)

FAQs

Will XRP go up if they win lawsuit? ›

If you belong to the group of crypto users who were hoping that the lawsuit outcome could bring XRP some more significant value growth, you are probably disappointed after all this. As you can see, the chances of that happening are very small.

The XRP Ledger is decentralized, and its operations would not be affected even if Ripple lost the ongoing legal case against the SEC.

Notably, if XRP prevails in the case, the panel of financial experts in Finder's January 2023 report anticipates that the price of XRP would trade at $3.81 by the end of 2025. Nevertheless, if the SEC wins in court, it will instead reach $0.98.

How long will the Ripple lawsuit last? We don't know for sure, although a ruling is expected to be made at some point in 2023. That will, ultimately, be the biggest bit of Ripple court case news to come.

In particular, the regulatory body has the authority to levy a fine on Ripple Labs and demand that the business register XRP as a security. As a consequence, a judgment of this kind would certainly result in XRP being treated in the same manner as conventional securities, which may restrict both its adoption and usage.

XRP Will Most Likely Never Reach $100 XRP has a $9.15 billion current market capitalization, if somehow XRP managed to reach a price of $100, that would mean its total market cap would be around $4.3 trillion which is simply too high although not literally impossible.

You're still able to send or receive XRP. While XRP funds will remain safely stored in your account after the trading suspension, you will not be able to buy, sell, or convert.

Brad Garlinghouse, CEO of crypto company Ripple, said he is optimistic that a ruling on its legal dispute with the Securities and Exchange Commission will be reached in 2023, potentially in the first half of this year.

XRP might reach $1000 if it becomes the chosen currency of all the major banks on earth and the circulating supply becomes deflationary, but it is highly unlikely. Elrond Price Prediction 2023 up to $81.57. If this happens, then the investments could move up from other cryptocurrencies.

To reach $500, XRP's market cap will be worth $26.0 trillion, which would be higher than the GDP of America today. It would be incredibly impractical for XRP to reach this level. Below we'll give our detailed analysis on the XRP price prediction $500.

Could Ripple reach $10,000? ›

His ultimate price goal for XRP currently sits at $10,000, which he expects the asset to reach by 2030. It is important to note that these are analyses of the asset's price action and not investment advice. All investment decisions should be carried out at the investor's sole discretion.

There is a max supply of 100,000,000,000 XRP. XRP's maximum supply gives the asset a supply and demand factor similar to Bitcoin, though its much larger supply means it will take much longer for it to be considered scarce.

Ripple's token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565.

XRP's (CRYPTO: XRP) price has increased 7.51% over the past 24 hours to $0.89.

Yes, XRP is used by banks. XRP is the native digital asset of the Ripple payment protocol, an open source payment system used by many financial institutions. RippleNet, a financial payment network that banks and payment providers use to make payments and settlements, offers on-demand liquidity via XRP.

XRP will be valued $17 to $20 at the minimum and may surge up to $100 in 2030, the crypto news website added. Ripple Coin News predicts that Ripple could hit $30 in the next 10 years.

November 2023: XRP Price Forecast

Crypto analysts expect that at the end of summer 2023, the XRP price will be around $$0.569. In November 2023, the XRP cost may drop to a minimum of $$0.497. The expected peak value might be $$0.640 in November 2023.

According to these XRP price predictions, most investors are confident that Ripple will not hit $10. However, the predicted price of $5 seems reasonable. Eventually, the value of $5 will also represent a 15-times return on investment, which is fantastic.

Will XRP reach $50? Possibly, at some future time. However, most analysts expect XRP to remain under $10 at least through 2030.

But the question that arises now is whether and when XRP will manage to reach $1. Judging by the analysis of crypto experts, XRP could reach $1 by the end of the year. The maximum predicted value for XPR in 2023 is $1,104, but experts warn that it is also possible that its value drops to $,0585.

How high can XRP go in 5 years? ›

In 2029, due to the growth over the last 5 years, we will see another major bull, which means that XRP investors may see XRP achieve a maximum price of $4.08 followed by an average price of $3.93. The minimum price derived from our technical analysis is $3.77.

If you own XRP, you can deposit it today and sell your crypto. If you want to sell XRP for another cryptocurrency (like BTC or ETH), generate a deposit address in your Kraken account and send your XRP to that address. Depositing crypto to Kraken is as easy as transferring it to any crypto address.

First, the developer notes, XRP is a decentralized cryptocurrency and cannot be seized without forcing key holders. Second, it is easier for the government to create its own digital token if it need it for its own use.

Though delisting does not affect your ownership, shares may not hold any value post-delisting. Thus, if any of the stocks that you own get delisted, it is better to sell your shares. You can either exit the market or sell it to the company when it announces buyback.

Can Ripple (XRP) Hit $100 or $1000? It is unlikely for Ripple to hit $100, according to TU analysts. And it's even more unlikely for the token to reach $1,000. This is because for XRP to reach $1,000 per coin, its market cap would have to reach at least $100 trillion, which we're very unlikely to see any time soon.

Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled on Tuesday that sealing documents related to the William Hinman speech would not be related to preserving openness and candor within the agency, “nor would such an interest be substantial enough to outweigh the strong ...

Ripple was sued by the Securities and Exchange Commission in 2020 over cryptocurrency XRP.

According to Ripple Coin News, the price of Ripple might reach $30 in ten years. Smartereum is even more positive, predicting that Ripple will hit $250 to $300 in the next ten years.

Anyway, data supplied by the CoinCarp website said that, as of 12 April 2023, there were 4,559,305 wallets which held XRP. The site suggested that the two top holders of ripple were wallets controlled by Ripple Labs itself.

XRP would need to surge by 154,452% from its current value of $0.3811 to $589. Numerous proponents have mentioned that this is impossible.

What will XRP be worth in 2040? ›

The research report put together by Ark Invest sees Bitcoin hitting price targets in 2030 of $258,500 in the bearish forecast, $682,000 in the average market and $1.48 million in a bullish market.

Ripple's current circulation is 38,739,144,847 digital coins. At Monday's earlier price of $2.49, its market cap was $96.46 billion, according to CoinMarketCap.com. Bitcoin's market cap, meanwhile, was $254.2 billion on Monday. For ripple to surpass this, the cryptocurrency would only need to get to $6.57.

The panel of experts polled by Finder pegged XRP at $3.81 by the end of 2025. CryptoNewsZ predicts that XRP could rise to as high as $0.68 in 2025. Trading Education is highly optimistic, with price predictions as high as $8.76 for 2025 — about a 1,768% increase over its current price.

Theoretically, as tokens are burned, Shiba Inu's price will increase in equal proportion. For Shiba Inu to rise to $1 from here purely through the burn mechanism, the community would have to eliminate 99.9998% of the tokens currently in circulation, bringing the total down from 589.3 trillion to just 6 billion.

How much will Ripple be worth in 10 years? If you invest in Ripple today, as with any investment, a long term increase is expected. The price of XRP could possibly rise to $6.50 within the next 10 years.

XRP Price Prediction $10: Calculations

To reach $10, XRP will have to rise 27 times higher. At $10, XRP's market cap will be $515 Billion. If XRP were to rise at the rate of 25% every year, it would take XRP 15 years to reach $10. Considering all factors, is $10 Feasible?

XRP has been around for almost a decade now, and it's seen as a strong long-term investment by many experts in the industry.

Top 2 Reasons Not to Buy Ripple (XRP)

There are many reasons why you may choose not to buy Ripple in 2023. It could be the tight monetary policy of the Fed, negative crypto market conditions, or that the price may still fall, according to some forecasts.

Pikamoon (PIKA) – A play-to-earn Pokemon-inspired blockchain project. The 10,000+ whitelist signups and over 15,000 social media followers indicate it will be one of the next cryptocurrencies to explode in 2023.

Where to buy XRP in usa? ›

That intermediary currency is usually the U.S. dollar, but XRP can replace it for a fraction of the cost per transaction. Traditional wire transfers may take days to settle and charge high fees. They could be replaced by the Ripple network using XRP for its high transaction speed and low costs.

Bank of America is a huge partner of Ripple.

Who is on the XRP Rich List? The addresses holding the most XRP coins generally belong to the project founders and executives, including Chris Larsen and Brad Garlinghouse, and centralized exchanges such as Binance, Kraken, Uphold, Bitbank, and others.

To reach $500, XRP's market cap will be worth $26.0 trillion, which would be higher than the GDP of America today. It would be incredibly impractical for XRP to reach this level. Below we'll give our detailed analysis on the XRP price prediction $500.

BTC Overview

According to the latest long-term Ripple price forecast, XRP will reach $0.75 by the end of 2023 and $1.2 by the end of 2025. Ripple will then rise in value to $2.45 in 2028, and $3.81 in 2030.

Ripple Coin News predicts that Ripple could hit $30 in the next 10 years. Andreas Kaplan, in his article written for Smarterem, says that “most people within the business agree that Ripple's value can go up to the $200-$300 range in ten years.”.

According to Ripple's CEO Brad Garlinghouse, the verdict in the company's lawsuit against the SEC could be delayed until the end of the first quarter of 2023. In the event of a good outcome, the price of XRP might rise to as high as $50.

Is XRP capable of reaching $1000? ›

This article reviews this coin's prospects and what it holds in the future for the crypto market and investors. Plus, we've answered the question, "Can XRP reach $1000?" Overall, this is unlikely in the coming years. In order for Ripple to reach $10,000, it needs to have a much larger market capitalization.

XRP Was Designed for $10,000. When XRP was created, it was designed to be a replacement for both institutional and retail financial systems in every market around the world.

It is impossible for XRP to ever overtake Bitcoin's rate. XRP would then have to increase 50,000 times while Bitcoin would stand still. The more coins available, the lower the value of one coin will be. Bitcoin has a limited supply – 21 million coins.