Several crypto analysts and influencers in the XRP community have continued to make audacious predictions about the future price of Ripple’s XRP. This time, another pundit, Common Sense Crypto, has forecasted that the token could rise by an eye-watering 16,500% and go beyond the $100 mark soon enough. Common Sense Crypto laid out what needs to happen for the seventh-largest crypto token to attain such ambitious heights.
How XRP Could Skyrocket To $100
Common Sense Crypto explained in an X (formerly Twitter) post why he believes the value of XRP is poised to explode to three digits by 2025.
First, the crypto strategist pointed to Ripple CEO Brad Garlinghouse’s earlier prognostication that the crypto market could reach a $5 trillion valuation by the end of 2024. Common Sense Crypto recalled that Garlinghouse, at the time, indicated that this prediction was actually conservative. With this in mind, the crypto pundit believes XRP’s market cap could top $5 trillion if its price hits $100, as the crypto market is expected to continue growing dramatically.
Common Sense Crypto then cited plans by U.K.-regulated cryptocurrency exchange and crypto custody service Archax to tokenize Real World Assets (RWAs) valued at over $50 trillion on the XRP Ledger (XRPL) by 2025. The inflow of such liquidity will surely be a boon for XRP’s price.
Another reason Common Sense Crypto thinks the price of XRP is headed to $100 is the fact that the token’s available supply seems to be shrinking at a breakneck pace. This means demand for XRP will soon be high — which will subsequently translate to a higher price.
Finally, the strategist noted that the conclusion of the long-standing legal ordeal between Ripple and the US Securities and Exchange Commission (SEC) will supercharge XRP to the $100 heights. According to Common Sense Crypto, XRP will see a tsunami of institutions seeking to get ahead of the competition once the lawsuit concludes.
Ripple vs. SEC
On July 13, 2023, Judge Analisa Torres gave an important ruling, which clarified that XRP, in itself, is not a security. This marked a huge milestone both for Ripple and the wider crypto industry.
Legal representatives from the blockchain startup and the SEC were slated to meet privately on July 25 to discuss matters regarding the settlement of administrative proceedings and litigation claims of Ripple’s institutional sales of XRP. The alleged closed-door meeting triggered rumors among XRP investors about a potential settlement of the protracted case. This sentiment was further fueled by Garlinghouse’s comments earlier this month, where he hinted that a resolution with the SEC could be reached “very soon.”
While the exact date of the highly anticipated verdict remains unknown, the outcome of this high-profile case could have serious implications for the cryptocurrency industry.
