Will XRP skyrocket after lawsuit?
The end of the SEC case in April, especially if the penalties for the institutional sales of XRP are light, could boost XRP's price, but whether the price will stay high or fall afterwards is yet to be seen.
Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit's outcome and crypto market conditions, it could go much higher, potentially reaching $3.10.
The cost of XRP is anticipated to rise sharply if Ripple prevails in the legal battle. After the court ruling, according to some experts, XRP might reach prior all-time highs of $3.84. However, if the SEC prevails in the case, Ripple will be subject to a stiff fine and the XRP price may plummet significantly in 2024.
At this stage, the chances of a settlement will likely have vanished. The SEC may begin preparing an appeal that could leave XRP sidelined through H2 2024.
The bottom line: XRP reaching $500 is borderline impossible
That seems a very unlikely possibility, to say the least. However, if Ripple succeeds in its IPO plans and the company wins the lawsuit against the SEC, the sky is the limit for XRP, especially in the long run, spanning to 2040 and 2050.
But what do the experts say about XRP prices as far out as 2030? Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
Five DeFi platforms primed to explode in 2024
Scotty the AI ($SCOTTY): A newly emerging AI-based platform with a seamless DEX. Jupiter Perpetuals Liquidity Token ($JLP) : The LP token for the Jupiter DEX. Uniswap ($UNI): The king of DEXs on Ethereum. Aave ($AAVE): A DeFi borrowing and lending platform.
Our Ripple price forecast for 2024 suggests the altcoin could trade at a minimum price of $0.79 and an average forecast price of $0.82. Ripple price could hit a maximum price of $0.95. The Ripple price forecast for 2025 is for Ripple cryptocurrency to trade at a minimum price of $1.19 and an average price of $1.23.
Based on our long-term XRP Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the XRP Coin is projected to be around $22.199. Our average price forecast for XRP is $21.746 in 2040.
Year | Price |
---|---|
2024 | $ 0.527204 |
2025 | $ 0.553564 |
2026 | $ 0.581242 |
2027 | $ 0.610304 |
Has the XRP case settled?
Stuart Alderoty – Chief Legal Officer of Ripple – rejected the rumors that a settlement is in the cards, outlining the next vital dates in the dispute.
Accordingly, the cryptocurrency is anticipated to continue its corrective retracement, with potential targets lying within the price range defined by the 0.5 ($0.54) and 0.618 ($0.55) Fibonacci levels.
Even at a price of less than $1, XRP could be a riskier investment than you might think. Currently trading at a super-low price of just $0.65, crypto token XRP (XRP 3.43%) might appear to be wildly undervalued.
A legal settlement with the SEC this year could send XRP's price soaring. Other XRP catalysts -- such as a potential spot ETF launch -- remain highly speculative at best.
Even with its current performance, XRP holds the potential to turn average income earners into millionaires overnight with a mere $1,000 investment.
Although there is no official confirmation of this partnership yet, many are speculating that Google could use XRP Ledger technology to provide fast and cheap international payments.
Year | Minimum Price | Average Price |
---|---|---|
2030 | $5.36 | $5.55 |
2031 | $8.27 | $8.54 |
2032 | $11.48 | $11.82 |
2033 | $16.26 | $16.85 |
XRP's price prediction for 2050 based on the S&P 500 index's historical ROI. If we again base our assumptions on S&P 500's historical ROI, a hypothetical $1,000 investment in XRP made in 2023 would grow to $22,718 by 2050. In other words, XRP's current price of $0.381 would increase by 2,171% to $8.65 in 2050.
Year | Minimum Price | Average Price |
---|---|---|
2029 | $24,488.55 | $25,195.48 |
2030 | $36,796.32 | $38,056.19 |
2031 | $54,306.57 | $55,828.42 |
2032 | $78,895.11 | $81,128.89 |
What coins will 1000x in 2024? Some of my top 1000x crypto picks include Dogeverse, Slothana, and Mega Dice Token. These three picks are currently in presale, so you'll get the lowest price possible.
What cryptocurrency will skyrocket?
Established titans like Bitcoin and Ether are going to be portfolio mainstays. But rising stars like Solana and Injective are also vying for a piece of the digital future. Prepare yourself, as 2024 promises to be a profitable year for crypto investors.
Dogecoin ($DOGE)
Spotlight Wire Dogecoin, commonly known by its moniker DOGE, being the world's first meme crypto is the strongest candidate on this list to achieve 1$ valuation. In the 2021 bull market, Dogecoin nearly reached this goal, hitting a high of $0.74376.
According to our current XRP price prediction, the price of XRP is predicted to rise by 16.08% and reach $ 0.585720 by May 18, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 66 (Greed).
After the court verdict, XRP could potentially reach new highs of $3.84, according to some analysts. The most bullish token holders, however, predict that XRP will reach $21.84 by the end of 2023 or the beginning of 2024, yielding massive profits for buyers.
For Dogecoin's price to skyrocket, demand would need to outpace rising supply. That's a tall task. In my view, then, there are no fundamental reasons to be long-term bullish about Dogecoin. In fact, it's very unlikely the token will rise 600% to reach $1 by 2030.
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