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News/XRP Price Prediction After Lawsuit Win: XRP to the Moon?

XRP Price Prediction After Lawsuit Win: XRP to the Moon?

Jens Danielsson

Mar 31 2023

last year3 minutes read
C360XRP(1).jpg

Introduction: The Ripple Effect

The cryptocurrency world has been buzzing with excitement as XRP, the digital currency issued by Ripple, experienced a surge in value. This comes amid rumors that Ripple might win its ongoing lawsuit with the Securities and Exchange Commission (SEC). With a staggering 46% jump in the past month, XRP is certainly turning heads. In this article, we’ll discuss the potential XRP price prediction after the lawsuit win and what it means for investors.

Xrp on a hill structure

 


XRP and the Lawsuit: A Quick Overview

For those unfamiliar with the situation, the SEC sued Ripple back in 2020, alleging that the company sold unregistered securities in the form of XRP tokens. This lawsuit has been a cloud hanging over Ripple and XRP since its inception. The recent price surge follows news involving another top financial regulator, the US Commodity Futures Trading Commission (CFTC), which filed a lawsuit against crypto exchange Binance and its founder Changpeng Zhao for allegedly offering unregistered derivatives products to traders in the US.

Ripple’s Odds in the Lawsuit

Despite little concrete evidence to back up the rumors, some lawyers close to the case have publicly stated that they feel Ripple has an advantage in the lawsuit. A win would not only be a significant victory for Ripple but also offer further clarity on future regulatory treatment for many tokens. Stanislav Havryliuk, COO of crypto exchange Zonda Global, told Insider: “Even in the event of a loss, the price would probably suffer only briefly before recovering, so it’s a low-risk bet with potentially high returns.”

Ripple’s Potential Victory: A Game Changer for XRP

A favorable outcome for Ripple in the lawsuit would lead to a significant XRP price increase after the lawsuit win. The market is already speculating on the potential impact of such a victory on XRP’s price. With the legal cloud lifted, more investors would be willing to jump on the Ripple bandwagon, driving up the price.

XRP Court Case Prediction and Post-Lawsuit Price Forecast

The exact outcome of XRP's ongoing lawsuit is hard to predict due to the complex nature of crypto-legal matters. While the SEC has previously won against the cryptocurrency LBRY, the circumstances for XRP are significantly different. Ripple's CEO, Brad Garlinghouse, has stated he won't settle unless there's "clarity", indicating that the case might extend longer than anticipated.

Despite the uncertainty, we believe the odds seem to favor Ripple's XRP, potentially leading to a notable increase in XRP's price after the lawsuit. But remember, crypto markets can be unpredictable, and this prediction should be considered with caution.

 

XRP Price chart from Coin360

 


What is Ripple (XRP)?

XRP is a trailblazing cryptocurrency designed to offer an alternative to Bitcoin, focusing on providing secure, instantaneous, and cost-effective cross-border payments. Like Bitcoin, XRP relies on a public ledger known as the XRP Ledger to store transaction information. However, the payment network built on this ledger does not depend on mining to validate and record new transactions. Instead, the XRP Ledger uses trusted validator nodes to reach consensus in a matter of seconds (3-5 seconds) and maintain the transaction ledger. These trusted nodes form the Unique Node List (UNL).

Ditching Proof-of-Work: The Federated Byzantine Agreement (FBA) Model

Unlike Bitcoin’s proof-of-work consensus protocol, the XRP Ledger employs a consensus mechanism based on the Federated Byzantine Agreement (FBA) model. This approach allows for faster transaction confirmations and reduces the environmental impact associated with mining.

Understanding the XRP Ecosystem: XRP, Ripple, and RippleNet

Before delving into the price prediction of this digital asset, it’s essential to distinguish between XRP, Ripple, and RippleNet. XRP is the ecosystem’s native token, while RippleNet is the digital payment network operating on the public distributed ledger called the XRP Ledger. Ripple is the for-profit company responsible for developing and promoting RippleNet, ensuring its ongoing growth and innovation.

XRP Logo stylized in a nice way

XRP Price Predictions: The Sky’s the Limit

Will Ripple go up after the lawsuit?

Let’s keep it simple, If Ripple were to win the lawsuit, it’s highly likely that the price of XRP will skyrocket. With the legal cloud lifted, more investors would be willing to jump on the Ripple bandwagon, driving up the price. This could set up the XRP price prediction after the lawsuit win at very high valuations.

XRP lawsuit prediction after lawsuit win.

To the question at hand, how high will xrp go after lawsuit win, using a combination of technical and fundamental analyses, our experts have identified key price levels and interest zones for both buyers and sellers in the XRP market. Currently trading around $0.5, XRP appears to be at the lower end of a longer higher time frame (HTF) range, encountering strong resistance and limited movement up to the $1 mark.

If Ripple succeeds in the lawsuit, we could witness XRP surging past resistance and reaching $1 within hours. Although profit-taking may occur around this point due to technical and psychological resistance, it is unlikely to hinder XRP's momentum. A downward correction would likely see price action collecting sell-side liquidity at the $1 mark, followed by a retest of $0.9 and a subsequent upward continuation.

Barring any external factors affecting the XRP lawsuit outcome, the price is expected to continue rising as the news spreads. The first significant resistance could be at $1.36, a level previously exceeded. If the price manages to turn the resistance into support, the path to the all-time high (ATH) of $3.31 appears clear. The prior upward move was inefficient, and a potential short squeeze driven by news could lead to liquidations if the rally continues.

Beyond the ATH, XRP’s ultimate price will depend on factors like the current market cycle, Bitcoin’s price, the overall cryptocurrency market cap, and general sentiment towards crypto. If Bitcoin shows strong price action, the market trends upward, and public opinion favors crypto, XRP could reach heights of $10, provided the mentioned conditions are met.

If the XRP token's price hits $10, its market capitalization would astonishingly surge to $527 billion. Although such a value might initially appear implausible, the resurgence of a bullish market, coupled with Bitcoin surpassing its previous all time high, could make a $527 billion market cap for Ripple (XRP) a feasible reality.

Keep in mind, this price prediction is subject to various factors and is not a guarantee.

XRP Price Prediction
XRP/USDT - Weekly Timeframe

Our general thoughs on how the price action potentially could move should xrp / ripple win their lawsuit.


Factors Influencing XRP Price Prediction

Several factors will play a role in determining the XRP price, these include:

  • Regulatory clarity: A victory in the lawsuit would provide much-needed regulatory clarity for XRP and other cryptocurrencies, boosting investor confidence and potentially leading to increased adoption.
     
  • Market sentiment: As with any investment, market sentiment plays a crucial role in determining the price of XRP. A positive outcome in the lawsuit would likely result in increased optimism and enthusiasm from investors, driving up demand and price.
     
  • Adoption by financial institutions: If Ripple wins the lawsuit, more banks and financial institutions may be inclined to adopt XRP for cross-border transactions, further increasing its value.
     
  • Competing cryptocurrencies: The performance of other major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) can also impact the XRP price. If these cryptocurrencies continue to perform well, it could spur increased interest in the overall market, benefiting XRP as well.

The Road Ahead: Ripple’s Strategies for Growth

To capitalize on the potential lawsuit win, Ripple is likely to focus on several key strategies to drive growth:

  • Expansion into new markets: Ripple is continuously exploring opportunities to expand its footprint globally. This could involve forming partnerships with banks and financial institutions in emerging markets, which would increase the demand for XRP.
     
  • Technological innovation: By continuously improving its platform and offering new features and functionality, Ripple can maintain its competitive edge and attract more users.
     
  • Building a strong community: A dedicated and engaged community is critical to the long-term success of any cryptocurrency. Ripple will likely continue to invest in building a loyal user base through marketing, education, and community engagement initiatives.

FAQ about XRP - Ripple

Will XRP be used by banks?

Yes, XRP is already being used by some banks and financial institutions as a faster and more efficient way to facilitate cross-border transactions. As the technology continues to evolve and more institutions adopt it, XRP could become a standard tool for international payments.

Can XRP be the next Bitcoin?

While XRP shares some similarities with Bitcoin (BTC), it serves a different purpose and has unique features. While Bitcoin is primarily a digital store of value and a decentralized currency, XRP focuses on facilitating international transactions. It’s unlikely that XRP will replace Bitcoin, but it could certainly coexist and continue to grow in popularity.

Why do I have to keep 20 XRP in my wallet?

The 20 XRP reserve requirement in your wallet is in place to prevent spamming on the Ripple network. By requiring users to maintain a minimum balance, Ripple ensures that its network remains secure and efficient. This reserve is not spendable, but it can be recovered if you decide to close your wallet.

What happens if Ripple loses?

If Ripple loses the lawsuit, the price of XRP might suffer a temporary setback. However, as Stanislav Havryliuk mentioned, the price would probably recover quickly. Ripple and XRP have a strong following and a proven use case, so it’s unlikely that a loss in the lawsuit would spell the end for the cryptocurrency. While a good XRP price prediction after the lawsuit win would not materialize in this scenario, long-term investors could still see potential growth in XRP’s value.


Conclusion: XRP’s Promising Future

The outcome of Ripple’s lawsuit with the SEC remains uncertain, but the recent price surge and positive sentiment surrounding XRP are undoubtedly encouraging. Whether Ripple wins or loses the lawsuit, XRP has already proven its value as a tool for facilitating fast, secure, and low-cost international transactions. As more banks and financial institutions adopt Ripple’s technology, the future looks bright for XRP and its investors.

Remember to stay informed and do your own research when investing in cryptocurrencies. Anything written in this text is not financial advice. While the potential rewards are high, the market is known for its volatility, and there are always risks involved. Happy investing!

 

This article has been refined and enhanced by ChatGPT.

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