Ripple's native cryptocurrency XRP suffered since the SEC lawsuit was filed. Investors' sentiment toward the cryptocurrency went south as the price and market cap collapsed from being the third-largest in the cryptocurrency market.
According to former federal prosecutor James Filan, the XRP community, with their active role and participation, could make “a huge impact” on the case. The Southern District of New York handling the case has increased accommodation for the public from 500 to 4,000 people.
XRP is currently the sixth-largest cryptocurrency by market capitalization. The price now fluctuates around $0.36, with a market cap of $17.6 billion. Only 48% of the XRP's maximum supply is currently in circulation, which equals 48.34 billion tokens.
Ripple is a blockchain company that provides both a cryptocurrency and digital payment network for financial transactions. The company essentially helps to drive greater economic opportunity by enabling global financial institutions, businesses, governments, and developers to transfer, manage and tokenize value.
XRP is quite different from other cryptocurrencies like Bitcoin, Ethereum, etc. Unlike them, it doesn’t seek to be an alternative to the traditional banking system but rather to collaborate and improve the conventional banking system. Despite the legal struggles, XRP could outlast other cryptos due to its many distinctive features and landmark developments.
XRP can be a profitable investment option for the future. A one-year price increase is expected to the tune of $0.617, and 440.67% ROI in five years - Wallet Investor.
XRP is expected to reach a maximum price of $0.5490, a minimum price of $0.3733, and an average market value of $0.4392 by December 2022. A steady price movement is expected in 2023. - LongForecast
The maximum price for XRP in 2022 is forecasted at $0.56. If XRP continues on a bullish run in 2023, it could hit a maximum price of $0.83. - PricePrediction
Ripple (XRP) is expected to rally strongly in 2022, with an average price of $0.44 per unit. We predict XRP will reach a maximum of $0.46 in 2022.
A potential price recovery for XRP is expected in 2027, and XRP could reach a maximum price of $0.96 and an average trading price of $0.77.
We expect XRP to be trading well above the $1 mark by 2029. The price of XRP could reach $1.83 in 2031 if more users and blockchain networks begin adopting XRP.
XRP is very cheap compared to most of the other cryptocurrencies in the market. Aside from this, the XRP Case is important because the outcome will help to establish the scope of the SEC’s authority in the digital assets space. The next five to ten years’ predictions do not position it as the best investment in the market. But a value of less than a dollar doesn’t look so bad, and the demand is good.
Open-source and decentralized, XRP may be bought and sold on over a hundred different digital markets. XRP/USD trading may be done on a number of different exchanges on the internet.
XRP is used by major payment service providers like MoneyGram, MercuryFX, IDT, Cuallix, Western Union, and Cambridge Global Payments for cross-border payments. A growing number of financial institutions are interested in using XRP for payments.
Please take these price predictions as suggestions of some market expert/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.