The day has finally arrived: today, the Securities and Exchange Commission delivered a final verdict in the SEC v. Ripple (XRP) case.
The court declared that XRP is not a security, liberating the tokens against all accusations. With this monumental judgment in sight, AI predicts a new price forecast for Ripple (XRP) after its grand win against the SEC.
Also Read: Cryptocurrency: Top 3 Coins to Surge 200% Despite Crash
XRP Wins the Four-Year-Long Legal Battle
XRP has emerged victorious in a vigorous legal war that the token has long fought with the Securities and Exchange Commission. The court has finally delivered a robust verdict in the Ripple vs. SEC case, declaring Ripple the official winner.
This has helped XRP note a significant jump in its price. At press time, the token is sitting at a price threshold of $0.59, up 19% in the past 24 hours.
According to Santiment, institutional and investor demand for the token has also surged dramatically. The platform noted that the XRP price has skyrocketed to its pre-July levels and that the wallets holding 1 million to 10 million XRP tokens on XRPL now hold a record token worth $4.2 billion.
“XRP’s market cap has skyrocketed once again, growing by +23% in the past 24 hours. Wallets holding between 1M and 10M coins on the XRP Ledger now hold an all-time high of 7.06B coins ($4.42B), and the project’s social media discussions are at their highest levels since January.”
Also Read: US Dollar vs. Indian Rupee: Current Trends and Analysis
AI Prediction for XRP Post Its Win Against The US SEC
According to AI, XRP can now curate a price path for itself. Based on its rapid adoption on a global scale, XRP is poised to grow stronger than ever.
As per the AI prediction, XRP’s short-term price elevation levels have been predicted to stay between $0.60 and $0.80, indicating an increase of 20%–40% in its price.
Midterm Prediction
Regarding midterm prediction, XRP may spike nearly 100% to 500% to hit the $1 to $1.50 price mark.
Long-term Prediction
Lastly, the token’s long-term prediction (1-2 years) consists of achieving a price level of $2-$5.
Also Read: ASEAN: WEF Predicts $2 Trillion Digital Economy
Multiple factors may influence XRP’s price momentum. For instance, XRP must continue its rapid global adoption to achieve the aforementioned price levels. Similarly, international collaborations and partnerships add prestige to the token’s global mettle.
In addition, increased demand for the token and user sentiment may also play a crucial role in determining its future price.