XRP Price Could Rise By 200%

XRP price is addressed, and it looks like there are lots of optimistic predictions out these days. Check out the latest one below.

According to a well-known cryptocurrency analyst, XRP is poised for a significant increase in value, potentially reaching triple digits, as the outcome of the SEC’s legal action against Ripple draws near.

According to DonAlt, an analyst who prefers to remain anonymous, XRP has the potential to rise by more than 100% from its current levels. DonAlt shared this insight with the 50,900 subscribers of the TechnicalRoundup YouTube channel.

According to DonAlt, he has recently started buying XRP again, following the realization of profits from positions he had taken in November 2022.

“I’ve been re-buying my XRP in here [above the $0.475 level], basically on the way up because I think the XRP narrative could come in rolling again. The SEC case is getting closer and closer.”

The analyst continued and said the following:

“I think basically if you have a stop loss on this thing, the upside is like a double to a triple. And the downside is like… 10 – 15%.”

He also stated this:

“And the outcome of the case, or even if it’s like just barely positive news right… it doesn’t even have to be the outcome. If there’s just like a frown on the judge’s face while the SEC is talking, basically you’re gonna see quite a massive pump. And so like that risk-to-reward seems decent.”

According to Brad Garlinghouse, CEO of Ripple Labs, the ongoing court case with the U.S. Securities and Exchange Commission (SEC) is expected to be resolved soon.

The SEC filed a lawsuit against Ripple in December 2020, accusing them of selling XRP without proper registration as a security.

Ripple CEO refers to a speech by Finance William Hinman where he declared Ethereum (ETH) as a non-security and expects a court decision soon, within weeks rather than months.