XRP ($2.49) has slipped by 2.76%, even as speculation grows over a potential breakthrough in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). Meanwhile, major investors have scooped up over 20 million XRP in the past 24 hours, fueling curiosity about whether the cryptocurrency could skyrocket to $100 if the lawsuit reaches a favourable resolution.
Ripple vs. SEC: Could a Legal Win Set XRP Free?
XRP’s growth has been stifled by the ongoing legal war with the SEC for years. Under Chairman Gary Gensler’s leadership, the SEC accused Ripple of selling XRP as an unregistered security, creating uncertainty that has weighed heavily on the asset’s price. However, recent developments suggest that change could be on the horizon.
Reports indicate that the SEC has withdrawn its lawsuit against Coinbase after receiving commissioner approval. This move has sparked speculation that Ripple’s legal troubles could also be nearing an end. If the SEC drops its appeal in the Ripple case, XRP would finally break free from its legal shackles, potentially unlocking significant price appreciation.
Whale Investors Are Betting Big on XRP
Despite the price dip, XRP whales remain bullish. In just 24 hours, they have accumulated over 20 million XRP tokens—an indicator of growing confidence in the asset. Large-scale purchases are often a precursor to upward momentum, signalling that institutional investors anticipate a price surge.
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Technically, the TD Sequential indicator lately showed a buy signal on the hourly chart of XRP, suggesting a possible rebound.
Can XRP Reach $100?
A surge to $100 would require an astronomical 3,450% gain from current levels. While this may seem unrealistic, the crypto market is known for its extreme volatility, where massive price movements are not uncommon. Several factors could help push XRP toward this ambitious target:
- Legal Clarity: If Ripple wins its case, regulatory uncertainty will be eliminated, allowing XRP to thrive without legal restrictions.
- Mass Adoption: Ripple’s growing partnerships with banks and financial institutions could drive mainstream use of XRP.
- Strong Market Sentiment: Increased whale accumulation and bullish technical indicators could set the stage for a significant rally.
Crypto analysts, including Javon Marks, have predicted that XRP could see a parabolic 35x surge, potentially nearing $99 if all these factors align.
XRP Price Action: What the Charts Reveal
XRP’s price is currently forming an upward-sloping channel, a pattern often associated with bullish momentum. The cryptocurrency recently tested support at around $2.20 and is now trading at nearly $2.59.
- If XRP holds above $2.20 and breaks past the $3.00 resistance, it could gain momentum toward the $3.30–$3.50 range.
- However, a breakdown below $2.20 could trigger a deeper correction, possibly dragging XRP down to the next major support level between $1.80 and $2.00.
Final Verdict: Is a $100 XRP a Fantasy or a Future Reality?
While a $100 XRP remains a bold target, it is not entirely out of the question. A favourable legal outcome, increased adoption, and strong technical indicators could fuel a historic price rally.
For now, the crypto world is closely watching Ripple’s legal battle. Any positive developments could trigger the next explosive move for XRP—potentially setting the stage for a breakout that defies expectations.
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