The SEC vs. Ripple lawsuit is nearing its end, sparking speculation about its potential impact on XRP price. Once regulatory clarity is established, US banks and financial institutions could begin buying XRP, driving significant demand. If this happens, can XRP price realistically reach $100?
SEC vs. Ripple Lawsuit Could End in Weeks
The SEC vs. Ripple lawsuit could conclude as early as April 2025, according to recent reports. Fox reporter Eleanor Terrett previously stated that the case is “in the process of wrapping up,” while analyst Andrew cited two SEC sources confirming that the lawsuit is in its final stages.
The President of ETF Store Nate Geraci has opined that BlackRock will allow institutions to buy XRP through ETFs after the lawsuit ends.
Moreover end of this lawsuit coincides with an impending change to the SAB121 accounting rule that prevents US banks from holding crypto assets. Recently, acting SEC Chair Mark Uyeda said that he had asked the SEC staff to work with the crypto task force to withdraw this rule.
With banks having the right to custody crypto and institutional demand rising due to regulatory clarity, will XRP price reach $100?
Can XRP Price Realistically Reach $100?
XRP price today trades at $2.29 with a circulating supply of 58 billion tokens and a $133 billion market cap. Therefore if the price reaches $100, XRP would attain a $5.8 trillion market cap, which is two times bigger than the current market cap of the entire crypto industry.
This price and market cap target is unrealistic in the near term. However, $100 is a realistic 10-year forecast for XRP price if US banks and institutions begin buying XRP aggresively.
The Grok AI model also notes that while $100 is a bit of a stretch, it is not an impossible XRP price forecast.
“It’s not impossible, but it’s a stretch in the near term. Reaching $100 would likely take years, needing XRP to capture a significant slice of global finance and a broader crypto market boom.”
One of the potential catalysts that could drive this rally for XRP price includes the launch of a spot XRP ETF. Given that Ripple is one of the biggest US crypto companies and is looking to file an IPO, an XRP ETF will see a significant surge in demand.
Ripple Technical Analysis
XRP price has bounced to the middle Bollinger band on its daily chart, and is testing this level as resistance. If buyers support a breakout from this middle band, it could stir a short-term recovery.
The MACD line also shows a bullish outlook after crossing above the signal line. If this indicator shifts to the positive region, it will aid a solid breakout for Ripple price.
As traders await the end of this lawsuit, buying pressure may begin to rise, pushing XRP price to the 61.8% Fibonacci level of $2.78. Market interest from the end of the lawsuit will drive further gains to the 161.8% level of $4.40.
Conclusion
A $100 price target for XRP is not realistic in the near term due to the altcoin’s massive supply of 58 billion tokens. However, this target is achievable in ten years as institutional interest in Ripple rises after the end of the SEC lawsuit.
Frequently Asked Questions (FAQs)
Even if US banks and institutions start buying XRP, $100 remains an unrealistic target in the short-term. However, this target could be achieved in ten years.
The SEC vs Ripple lawsuit could end as soon as April 205 according to experts.
If the SEC vs. Ripple lawsuit ends in the coming weeks, XRP price could record a 2x gain to $4.40.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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