XRP Predicted to Soar Up to $10,000 After SEC Lawsuit Concludes

Amidst the ongoing SEC lawsuit, XRP community pundit Jack predicts a significant surge in XRP's value, speculating it could reach between $100 and $10,000 upon a favorable resolution. Jack's optimistic outlook stems from the potential of XRP becoming the first digital asset with regulatory clarity in the US for cross-border payments, unlocking immense value in the tokenization market.

XRP Anticipated to Surge Between $100 and $10,000 Upon Resolution of SEC Lawsuit, Industry Expert Predicts

New York, NY - April 22, 2024 - As the protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) approaches its conclusion, the XRP community has been abuzz with speculation regarding the cryptocurrency's future prospects. One prominent community member, known as Jack, has recently provided a bold prediction, suggesting that XRP could potentially soar to values between $100 and $10,000 following the lawsuit's resolution.

Jack, who boasts a significant following of over 212,600 on social media, emphasized that a favorable outcome in the Ripple-SEC lawsuit would provide XRP with complete regulatory clarity in the United States, enabling it to function as the first cross-border payment asset. This development, he asserts, would inevitably drive its value into the three- to five-digit range.

"The SEC v. RIPPLE case will come to an end, and #XRP will become the first digital asset with FULL regulatory clarity in the United States of America for cross-border settlements!" Jack declared in a recent tweet. "3-5 digits per XRP is inevitable."

Jack's optimistic outlook is not unfounded. In a previous statement, he had already asserted that XRP trading at $1,000 would be "peanuts" in light of the cryptocurrency's potential in the tokenization market. He envisioned a scenario where $50 trillion worth of tokenized value could flow through the XRP Ledger (XRPL), leading to a much higher intrinsic value for XRP.

"1,000 per XRP would be peanuts with $50 trillion tokenized value passing thru XRPL," Jack had stated earlier.

Now, with the SEC lawsuit nearing its conclusion, Jack has issued an even bolder prediction for XRP's future.

The latest development in the SEC v. Ripple case involves Ripple's Chief Legal Officer, Stuart Alderoty, announcing plans to file an objection to the SEC's request for nearly $2 billion in penalties against the company. This opposition filing is scheduled to occur today, April 22.

In March 2023, the SEC proposed a judgment requiring Ripple to pay $1,950,768,364 in fines and penalties for allegedly violating federal securities laws. If adopted by the court, Ripple would have 30 days to settle the $1.95 billion obligation.

However, Ripple's legal team has expressed its opposition to the proposed judgment and plans to challenge it with a counter-filing today. The outcome of this opposition filing could have significant implications for the future of XRP and the broader cryptocurrency industry.

With the resolution of the Ripple-SEC lawsuit looming, the XRP community is holding its breath in anticipation of a favorable outcome that could potentially unlock the cryptocurrency's full potential and drive its value to unprecedented heights.