Ripple (XRP) is drawing attention from the industry as it virtually concludes its long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC). Ripple recently officially announced the withdrawal of its 'cross-appeal', and CEO Brad Garlinghouse declared, "Now is the time to close this chapter forever." The SEC is also expected to take a similar stance. Following this news, the XRP price rose by 5% at one point, reaching $2.2.
With legal uncertainties resolved, market expectations for XRP's future value are rapidly rising. In particular, debates about the 'possibility of reaching $10,000' are growing. Some community users and influencers argue about XRP's explosive potential, and crypto analyst Jake Gagan calculated that XRP could reach $106.50 by applying Carl Moon's '50x increase' scenario. Another influencer, Lucy Bear, even described this figure as "conservative".
The '$10,000 theory' for XRP is said to have originated from a statement by project co-founder Arthur Britto. According to XRP supporters, Britto suggested that XRP would play a central role in global payment liquidity, and therefore its token price should exceed $10,000. In a recent podcast 'The Rollup', former NEAR Protocol engineer Altan Tutar remarked that "the XRP community's belief is almost religious", citing Bitcoin's precedent of rising to about $111,814 as a reference for XRP's potential.
However, from a realistic perspective, there are many skeptical views. For XRP to reach $10,000, its market capitalization would need to soar to about $590 trillion, which exceeds the combined GDP of all countries worldwide. Even if the previously mentioned '106 dollar scenario' were to materialize, the market cap would reach about $62.8 billion, more than double Bitcoin's peak market cap. On this, 'The Rollup' host Andy cautioned, "The idea of XRP reaching $10,000 is pure fantasy. Reaching $10 would already be remarkable".
The news of the Ripple-SEC dispute resolution has reignited both optimistic and skeptical discussions about XRP's future. While overcoming legal obstacles is certainly positive, a cool-headed judgment is required regarding price forecasts. From investors' perspective, it is necessary to dream while also recognizing realistic numbers and market structures.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
