2024

<p><strong>TL;DR:</strong></p>
<ul>
 <li>History shows that the SEC’s actions against Ripple have had an immediate and drastic impact on XRP’s price movements.</li>
 <li>However, the latest crash could actually be a blessing in disguise for Ripple’s token, as there have been four-digit price surges in the past.</li>
</ul>
<p><a href="https://cryptopotato.com/wp-content/uploads/2023/12/RipplePrediction_CB.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h2 id="can-xrp-surge-by-4-digits">Can XRP Surge by 4 Digits?</h2>
<p>It’s safe to say that the lawsuit initiated by the US Securities and Exchange Commission has harmed Ripple’s native token, and the developments from the past 24 hours only solidified this narrative. XRP stood above $0.6 yesterday but lost 15% of its value, and it now struggles at around $0.51.</p>
<p>This all happened after the US watchdog decided to <a href="https://cryptopotato.com/xrp-price-crashes-12-as-sec-appeals-in-the-ripple-lawsuit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">appeal</a> a previous court decision by a US judge claiming that secondary XRP sales did not constitute securities sales.</p>
<p>Although the current landscape seems quite dire, history shows that it could turn out to be the start of a massive rally for XRP. Its price tumbled hard after the SEC’s initial lawsuit in December 2020, and it took just over a week to bottom out.</p>
<p>According to popular industry analyst Crypto Karlos, XRP shot up from $0.17 to almost $2 in the next four months back then. A similar 1,100% rally now would push its price to more than $6.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">For anyone in the <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#XRPCommunity</a> feeling distressed by the SEC’s decision to appeal the ruling. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> bottomed just 8 days after the suit was first announced. It then went on to rally nearly 1100% from 17¢ to $1.98 in the following 4 months.</p>
 <p>That was with no backing from any court <a href="https://t.co/E7BBcQHr69" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E7BBcQHr69</a></p>
 <p>— Crypto Karlos (@Crypto_Karlos) <a href="https://twitter.com/Crypto_Karlos/status/1841737538613960731?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">October 3, 2024</a></p>
</blockquote>
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<h2 id="will-xrp-etfs-have-an-impact">Will XRP ETFs Have an Impact?</h2>
<p>Just hours before the SEC’s appeal, another important news regarding Ripple and its native token came out. Bitwise, a large crypto-focused company with already two active ETFs tracking BTC and ETH, <a href="https://cryptopotato.com/ripple-xrp-etf-on-the-way-bitwise-steps-up-with-delaware-filing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">said</a> it has filed in Delaware to launch such a product tracking the performance of XRP.</p>
<p>Many analysts claimed that this is highly bullish for the current seventh-largest cryptocurrency. In fact, CrediBull_Crypto told their 423,000 followers that the XRP ETF will be the next approved in the States. Although this seems rather unlikely at the moment since the SEC is the US regulator that approves or rejects ETFs, a potential green light could be the propeller for a massive XRP rally.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Yes, I’m aware of the SEC appeal on the <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">@Ripple</a> case, but at the same time in the last 12 hours (seemingly unbeknownst to a lot of crypto twitter) <a href="https://twitter.com/BitwiseInvest?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">@BitwiseInvest</a> just filed for an <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> ETF.</p>
 <p>XRP will be the next approved ETF after <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> imo.</p>
 <p>As far as narratives go, I… <a href="https://t.co/CBwx6IT9nc" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CBwx6IT9nc</a></p>
 <p>— CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1841590388639105327?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">October 2, 2024</a></p>
</blockquote>
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<p>The post <a href="https://cryptopotato.com/xrps-price-could-explode-by-1100-if-sec-ripple-lawsuit-history-repeats-details/" rel="noopener noreferrer nofollow">XRP’s Price Could Explode by 1,100% if SEC-Ripple Lawsuit History Repeats: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

XRP’s Price Could Explode by 1,100% if SEC-Ripple Lawsuit History Repeats: Details

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