Despite a lackluster performance this year, Ripple's XRP, currently trading around $0.52, has analysts predicting potential rises to $5.85, $18.22, and even up to $100. These predictions, however, are contingent on the outcome of the ongoing lawsuit between Ripple and the SEC. Ripple's partial court victories have boosted optimism for a potential bull run.
Analyst Dark Defender believes XRP can rise to $5.85 and later to $18.22, while JackTheRippler forecasted an ascent to $100. However, for such high targets to be achieved, the asset’s market capitalization would need to explode above $200 trillion, a figure far beyond the current total crypto market cap of $2.5 trillion.
The lawsuit, which began in December 2020, is seen as a major factor influencing XRP’s price. A decisive victory for Ripple could trigger a bull run for XRP, while a loss could halt upward movements. The market is closely watching the developments in this case.