The XRP price was on the investors’ radar this week, with the crypto noting a sharp decline following the latest development in the Ripple SEC case. In the latest development, the US SEC has filed a Notice of Appeal, signaling that the legal battle is far from over for now. This move has sparked speculations in the crypto market, triggering a massive selloff in the crypto’s price.
However, despite that, a renowned analyst claims that Ripple’s native crypto could hit $5, sparking market optimism. Besides, it also comes amid a slight recovery in the crypto’s price, which indicates that the crypto could witness further gains in the near future.
Top Analyst Predicts XRP Price To Hit $5
A renowned analyst remains optimistic about XRP price despite the recent decline in crypto following the US SEC’s notice of appeal in the Ripple case. EGRAG Crypto predicts that XRP could hit $5, citing two possible scenarios.
The analyst notes that if the SEC appeal leads to a similar situation as in December 2020, when XRP took a hit but still managed a 10X gain from the bottom, the cryptocurrency could reach the $5-$6 range. In addition, if Bitcoin hits a new all-time high between $80K-$100K, altcoins like XRP could follow suit with similar percentage gains.
Meanwhile, using Fibonacci levels, EGRAG Crypto estimates that if BTC hits $80K, Ripple’s native crypto could reach $2.31, and if BTC hits $100K, XRP could hit $2.88. The analyst’s predictions have sparked market optimism, especially after XRP’s slight price recovery.
The ongoing Ripple SEC case has led to market uncertainty, but analysts like EGRAG Crypto remain bullish on XRP’s long-term potential. While the appeal process unfolds, investors are cautious, but predictions like these offer a glimpse of hope for XRP’s future growth.
What’s Next In Ripple SEC Case?
According to the latest comments from pro-XRP lawyer Fred Rispoli, the Ripple SEC case is not likely to conclude before early 2026. This comment has sparked widespread speculations, while many in the crypto community have slammed the US SEC for prolonging the case.
On the other hand, another pro-XRP attorney Jeremy Hogan said that the latest US SEC appeal is a “big mistake” by the agency. This showcases his confidence in a potential win for the blockchain firm if it plans to cross-appeal.
In addition, Ripple CLO Stuart Alderoty has recently targeted the US SEC, while hinting at a potential cross-appeal in the case. Amid this, XRP price traded near the flatline today at $0.523, after crossing the brief $0.66 level earlier this week.
Meanwhile, the investors also remain optimistic about the crypto, especially after Bitwise filed for an XRP ETF, indicating growing institutional interest in the crypto. Besides, the latest bullish forecast by EGRAG Crypto has also bolstered market confidence, indicating a potential rally for the crypto in the near future.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
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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