TL;DR

• XRP’s price has been volatile due to Ripple’s ongoing legal battle with the SEC, with recent highs around $0.85 and later $0.55.
• Analysts provide varied future predictions for XRP: EGRAG CRYPTO at $27, Oaksacorn at $43, and Collin Brown at $10 if Ripple pursues an IPO.
• Shannon Thorp’s extreme forecast suggests a potential rise to $500 for XRP, a significant leap from the industry’s current market capitalization.

Some Shocking XRP Forecasts

The native token of Ripple – XRP – has experienced enhanced volatility in the past several months due to the constant developments surrounding the legal battle between the crypto firm and the United States Securities and Exchange Commission (SEC).

The coin’s price skyrocketed by over 70% and surpassed $0.85 in July when Ripple secured its first landmark victory against the regulator. It descended in the following months below $0.50 before spiking again when a US court dismissed the SEC’s wish to appeal the ruling. However, the uptrend was not as impressive, with XRP touching the $0.55 mark.

This volatility and the assumption that Ripple could score a decisive win against the watchdog have given analysts the opportunity to envision a substantial price increase for the coin in the future.

One such person is the popular X (Twitter) user EGRAG CRYPTO. They suggested that Ripple’s second victory in a row is a bullish event that could push XRP to spike to as high as $27:

“I’m firmly on board with the exciting $27 journey, but we must also be prepared for the unexpected, which might just put XRP’s legendary nickname, “The Rise of The Phoenix,” to the test,” they stated.

Crypto trader Oa