XRP Price Prediction $500, $100: Can XRP Reach $500 or $100 Dollars?

XRP Price Prediction $500 – Quick Take

To reach $500, XRP’s market cap will be worth $26 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.

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The legal battle between Ripple Labs and the SEC continues with a decision pending after final briefs were submitted. As of writing, all major depositions, briefings and pieces of evidence have been submitted, with the only thing left to wait for being Judge’ decision.

This post will offer you the latest insights on XRP price prediction $500/ $100, and its projected trend from technical and fundamental analysis to price history.

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XRP Overview

Cryptocurrency	XRP
Ticker Symbol	XRP
Rank	6
Price	$0.4656
Price Change 24H	–3.40%
Market Cap	$24,321,755,702
Circulating Supply	52,254,289,650 XRP
Trading Volume	$935,362,863
All Time High	$3.84
All Time Low	$0.002802

XRP Past Performance

Here is how XRP has performed over the past few years:

• 2013: $0.028
• 2014: $0.024
• 2015: $0.0062
• 2016: $0.0064
• 2017: $2.1
• 2018: $0.371
• 2019: $0.19
• 2020: $0.21
• 2021: $0.85
• 2022: $0.33

In 9 years since launch, 4 have been positive and 5 negative.

What Makes Ripple (XRP) Unique?

• Ripple enables financial services through the XRP Ledger and collaborates with traditional financial services companies. XRP is the cryptocurrency that fuels the transactions through the product xRapid(Just like ETH or MATIC)

• Transaction Speeds and Costs that are competitive. Traditional overseas payments take days as compared to Ripple which takes seconds.

• XRP uses a consensus protocol with validators swiftly approving transactions. Validators could be Banks and Financial Institutions. Ripple is more centralized than Bitcoin and Ethereum.

• XRP ledger is used to create cryptocurrency wallets and XRP ledger can also be integrated to create a stablecoin.

• Ripple is a more privately-owned network as coins are released by Ripple directly unlike Bitcoin where coins have to be mined.

• Ripple with its open source and peer-to-peer decentralized platform can be used to transfer money in any form, whether it’s dollars, yen, euros, or cryptocurrencies.

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XRP Court Case Update

Some new details have emerged lately which support the argument that the Ripple-SEC case will end with a positive judgment for the cryptocurrency firm.

SEC documents submitted as part of a Ripple submission appear to show that the regulator had received legal opinion (prior to opening its case against Ripple) that “XRP does not satisfy all elements of the Howey analysis and is therefore not a ‘security’ for the purposes of the federal securities laws.”

This is a major development, with the document supporting the idea that the SEC had not really given Ripple sufficient fair notice that it may deem XRP as a security, largely because it didn’t really regard XRP as a security itself.

Indeed, some observers are taking this new revelation as further evidence that the SEC launched its legal action against Ripple as some kind of motivated attack against the company, potentially driven by bias towards Ethereum.

Such a theory remains speculative, yet this doesn’t change how weak the SEC’s case appears at the moment, with the market increasingly expecting Ripple to come out looking victorious in the next few weeks.

Previously, the judge presiding over the Ripple-SEC lawsuit denied an SEC motion to seal documents relating to a speech made by former SEC Chairman Hinman.

In that speech, made back in 2018, Hinman said neither Bitcoin nor Ethereum were securities.

And experts think that internal SEC documents relating to this speech are likely to show dissenting opinions within the SEC regarding whether other cryptocurrencies like XRP are also securities.

Pro-XRP lawyer John Deaton, a former federal prosecutor and the founder of CryptoLaw, remarked that “we know that some senior officials at the SEC discussed that there was a reasonable basis to conclude XRP was not a security”.

“If SEC staff believed XRP was not a security, it’s reasonable for Ripple to believe the same.”

Hence, the denial of the SEC’s motion to seal these documents was seen as a big win for Ripple and gave XRP a substantial boost at the time.

While most of that pump has since unwound, a ruling from District Judge on the lengthy lawsuit it expected soon.

Current XRP Price Analysis

While XRP initially rallied to a year-high of $0.558968 in response to the public release of the long-awaited Hinman emails, it has since subsided, perhaps because people who bought the coin decided to take some profits.

At the time of writing, XRP is trading at $0.4656 with a market capitalization of $24,321,755,702, making it the 6th largest crypto by that metric. In the past 24 hours, the price of XRP has decreased by 3.40% with a trading volume of $935,362,863.

Though current XRP price was down by 2.5% in the past week, positivity surrounding Ripple’s case with the SEC has helped the altcoin gain by more than 30% since the beginning of the year.

However, the case is still awaiting a decision, which may take several months to arrive, while recent evidence has leaned both ways, hinting that there’s no guarantee Ripple will secure a positive judgment or settlement.

But if it does, there’s no doubt that XRP will enjoy a huge rally, rising back up to $0.50 and to $1 (or higher) by the end of the year.

The technical indicators show a loss of momentum that may continue for several days yet before we see a recovery. On the other hand, XRP’s support level has risen gradually over the past week, suggesting that any further dips will be slight.

In other words, XRP may dip a little further, but it’s likely to resume rising again in the not-too-distant future.

The $0.55 level has remained a forbidden supply zone for XRP holders as the price faced multiple reversals from this resistance for over a year. Therefore, to even consider a sustained rally in XRP price, the buyers need to pierce the $0.55 barrier. This breakout will intensify the buying pressure in the market and push the price to a potential target of $0.6, followed by $0.7 and $0.8.

Indeed, Ripple has been able to grow its business even under the shadow of the case, which would imply that it could expand even faster once the case has ended and it’s free to operate normally.

Some XRP holders have predicted big price increases for the cryptocurrency under such a scenario, with some going well beyond $10.

Of course, it needs to be pointed out that not every single development and piece of evidence in the case has been unanimously positive for Ripple, with the release of internal emails showing that the company may have actively endeavored to support XRP’s price.

This would potentially support the SEC’s claim that sales of XRP satisfied the Howey test, given that a third-party (Ripple) acted to boost the value of an alleged security.

Here traders and investors should exercise caution and closely monitor the price action to make informed decisions in the coming days.

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XRP Price Prediction $500: Factors that May Affect the XRP Price

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XRP Price Prediction $100: Can XRP Reach $100 Dollars?

To reach $100, XRP will have to rise 209x. That translates to a market cap of $5.2 trillion (equal to 12x the current market cap of Tesla).

This looks incredibly unrealistic. The global remittance market can support a player with a 5.2 trillion market cap assuming a favorable regulatory environment and competitors not coming up with similar projects.

Considering all these, we believe that $100 dollars is a theoretical possibility but the odds of it becoming real are extremely low if not impossible, irrespective of the SEC outcomes.

Can XRP Reach $10 in 2023?

Investors and enthusiasts are now wondering if XRP has the potential to reach the $10 mark in 2023.

It’s important to note that while the technical indicators suggest a bullish outlook, predicting the exact price movement of XRP, such as reaching $10 in 2023, is challenging.

Here we’ll try to explore the factors that may influence XRP’s price movement and evaluate the likelihood of it reaching the $10 milestone in the year ahead.

Whilst a favorable ruling or outcome to the SEC lawsuit would certainly be a huge positive catalyst for XRP, and would very likely see the coin become one of the best performers in the crypto space this year, above 10x gains to hit $10 level this year might be an overly optimistic forecast.

That’s because the bull market in the broader crypto markets appears to still be in its infancy.

Yes, macro conditions are set to improve this year, with the Fed’s rate hiking cycle looking likely to already be over.

But cryptocurrencies like Ripple may have to wait a few years and for further fiat currency debasement (via new rate-cutting cycles and liquidity injections) to post 10x – 20x gains from current levels.

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Final Thoughts

Ripple CEO Brad Garlinghouse has said on numerous occasions recently that he expects an end to the case by this summer. With Ripple looking forward to the end of this long-running lawsuit, it may be only a matter of days or weeks before XRP receive another, much bigger boost.

XRP Price Prediction After Lawsuit Win cannot be determined accurately but it is expected that the price of XRP could surge explosively considering the development of Ripple network with the growing acceptance of the Ripple Payment Solution.

This will certainly be the case if Ripple does indeed secure a positive outcome in its case, something which could soon send XRP beyond $1 and on course to recover its all-time high from 2018.

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