NFT Artist Predicts XRP Price Will Exceed $100: The Reasons Behind the Projection – Times Tabloid

The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) is a significant challenge for XRP. The digital asset is closely tied to Ripple, and the legal battle has had a negative impact on its price since it began in December 2020.

As the case is currently in its remedies phase, both parties and the broader cryptocurrency community are eagerly awaiting a final ruling that could greatly influence XRP’s future.

The Legal Background

The SEC accused Ripple of conducting an unregistered securities offering through the sale of XRP. The key issue of whether XRP should be considered a security, subject to specific regulatory requirements, has been settled with a crucial ruling from July 2023, which stated that non-institutional XRP sales were not securities offerings.

However, institutional sales are classified as securities, and both sides are working to determine the appropriate penalty for Ripple’s violation of securities laws. Despite the legal clarity for XRP, investors are still uncertain as the lawsuit’s outcome remains uncertain.

When XRP Would Surpass $100

There is a prevailing optimism within the XRP community and the broader crypto sphere that Ripple will win the lawsuit.

Supporters of XRP, like XRP Avenger, a prominent crypto advocate and NFT artist, speculate that a favorable ruling could lead to a significant increase in XRP’s value, potentially pushing it to $100 or more.

This sentiment is shared by many analysts and investors who believe that resolving the legal issues will eliminate a significant barrier to XRP’s growth.

XRP Avenger commented, “I believe XRP needs to win the lawsuit before experiencing a significant increase. I predict we will see XRP reach $100 after the lawsuit concludes.”

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