A panel of cryptocurrency experts has predicted that the price of $XRP, the native token of the XRP Ledger, could surge to $3.81 by the end of 2025 if Ripple wins its legal battle against the U.S. Securities and Exchange Commission (SEC). The experts, however, predicted the cryptocurrency would trade at just $0.98 if Ripple loses.
Comparison web portal Finder surveyed 55 cryptocurrency experts on the potential price of the $XRP token, and found that experts are generally bullish on the cryptocurrency if Ripple wins the legal battle.
As CryptoGlobe reported, the price of XRP surged earlier this month after both Ripple and the SEC requested a summary judgment. The SEC sued Ripple and two of its executives in 2020, alleging they sold unregistered securities when they issued $1.3 billion worth of XRP tokens. Ripple denies XRP is a security.
Ripple settling the lawsuit could lead to an XRP supply shock, which presumably would lead to a price surge as demand would remain the same, while supply plunged. That’s according to legal expert and XRP supporter Jeremy Hogan, who has been following the case.
Finder’s experts seemingly agree XRP could surge with Martin Forehler, CEO at Morpher, saying that if Ripple wins it’s a “huge win for the entire crypto industry.” Froehler predicted $XRP could hit $5 by 2025 on a win.
On the other hand, John Hawkins, a senior lecturer at the University of Canberra, noted he believes now is the time to sell XRP as “Ripple has no fundamental value and largely tracks Bitcoin’s price.”
Meanwhile, Sathvik Vishwanath, CEO of Unocoin Technologies, said he does not see a huge price increase by the end of the year and predicted the cryptocurrency will be worth $0.54 if Ripple wins, and $0.50 if it loses.
Vishwanath noted that XRP has “shown that it can still thrive despite all the bad press,” and added:
XRP has proven to still have more than enough supporters – the coin has responded well to market-wide price actions and all recent bull runs.
Out of 55 experts Finder surveyed, 43% notably believe that Ripple would simply move to a different jurisdiction if it loses the lawsuit, while 26% believe the company would stay where it is.
The cryptocurrency community is notably expecting XRP to drop by the end of this year to trade at around $0.40. The figure marks a sharp decline from XRP’s current levels and notably suggests that while the token has been rallying, the community sees it as a short-lived rally that will end up being undone through a sell-off.
Image Credit
Featured Image via Pixabay