XRP prices have been in the spotlight this week with investors, with the cryptocurrency plunging following the latest developments in the Ripple SEC lawsuit. In the latest development, the US SEC has filed a notice of appeal, indicating that the legal battle is far from over for now. This move sparked speculation in the crypto market and led to a significant drop in crypto prices.
However, despite this, prominent analysts claim that Ripple’s native cryptocurrency could reach $5, causing optimism in the market. Moreover, this is also in the middle of a slight recovery in the price of the cryptocurrency, indicating that the cryptocurrency could rise further in the near future.
Top analysts predict XRP price to reach $5
Despite the cryptocurrency’s recent decline following the US SEC’s notice of appeal in the Ripple case, prominent analysts remain optimistic about the XRP price. EGRAG Crypto predicts that XRP could reach $5, citing two possible scenarios.
The analyst believes that if a situation similar to December 2020, when XRP suffered but rose 10x from its bottom due to the SEC’s appeal, the cryptocurrency could be in the $5 to $6 range. It is pointed out that it is possible to reach Furthermore, if Bitcoin hits a new all-time high between $80,000 and $100,000, altcoins like XRP could rise at a similar rate.
Source: EGRAG Crypto
Meanwhile, using Fibonacci levels, EGRAG Crypto predicts that if BTC reaches $80,000, Ripple’s native cryptocurrency could reach $2.31, and if BTC reaches $100,000, XRP We estimate that it could reach $2.88. Analysts’ predictions sparked optimism in the market, especially after XRP’s price recovered slightly.
Source: EGRAG Crypto
Although the ongoing Ripple SEC litigation is creating market uncertainty, analysts like EGRAG Crypto remain bullish on XRP’s long-term potential. While investors are cautious as the appeals process continues, predictions like this offer a glimpse of hope for XRP’s future growth.
What’s next after the Ripple SEC incident?
According to the latest comments from pro-XRP lawyer Fred Rispoli, the Ripple SEC lawsuit is unlikely to be concluded before early 2026. The comments have sparked widespread speculation, with many in the crypto community criticizing the US SEC for prolonging the litigation.
Meanwhile, another pro-XRP lawyer, Jeremy Hogan, said the recent US SEC appeal was a “huge mistake” by the agency. This shows his confidence that blockchain companies have a chance of winning if they plan to cross-appeal.
Additionally, Ripple’s CLO Stuart Alderroti has recently targeted the US SEC, hinting at the possibility of a cross-appeal in the case. Amid this, XRP price traded almost flatline today at $0.523, after briefly breaching the $0.66 level earlier this week.
Meanwhile, investors also remain optimistic about cryptocurrencies, especially after Bitwise filed its XRP ETF, indicating growing institutional investor interest in cryptocurrencies. Moreover, the latest bullish forecast by EGRAG Crypto also increases market confidence and points to the potential for cryptocurrencies to rise in the near future.
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Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial markets and has built a reputation as a meticulous investigative analyst and insightful journalist. He is passionate about exploring the dynamic nuances of the financial landscape. Currently serving as an associate editor at Coingape, Rupam’s expertise transcends traditional boundaries. His role includes breaking news, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam’s career has been marked by a deep passion for demystifying the complexities of finance and delivering impactful stories that resonate with diverse audiences.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
