XRP Gives Up All Gains Made After Ripple Labs’ SEC Victory (2024)

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XRP Gives Up All Gains Made After Ripple Labs’ SEC Victory? ›

Data shows XRP, among the world's largest tokens by market capitalization, has lost nearly all gains after Ripple Labs' landmark court ruling over the U.S. Securities and Exchange Commission (SEC) in July. XRP exchanged hands at 50 cents on Wednesday, down 14% in the past week and 30% over a 30-day period.

However, if Ripple loses all appeals, the SEC is likely to collect the $1.3 billion (the amount that the regulator alleges that Ripple earned from the unregistered securities sale) and offer XRP holders an option to sell their holdings.

If not, what percentage of XRP does Ripple own? - Quora. No, Ripple does not own all of the XRP in circulation. As of October 26, 2023, Ripple owns approximately 6.3% of the total XRP supply (47.7 billion out of 100 billion XRP).

The resolution of the ongoing litigation could, paradoxically, lead to a decline in XRP's price. “Once the excitement around the lawsuit fades, we could see a drop in interest for XRP. That could, in the medium term, negatively impact its price,” Drozdz explains.

Even with its current performance, XRP holds the potential to turn average income earners into millionaires overnight with a mere $1,000 investment.

Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit's outcome and crypto market conditions, it could go much higher, potentially reaching $3.10.

XRP holders lose interest, shed holdings as Ripple and SEC seal lawsuit proceedings.

In a recent proposal by Edward Farina, the Head of Social Adoption at #XRPUpdate Healthcare, a hypothetical scenario was presented whereby the price of XRP has the potential to see a significant increase, reaching a value of $10,000.

Ripple (XRP) is a popular choice among banks worldwide. The network's fast transaction speeds, low gas fees, and energy-efficient consensus make it an ideal cryptocurrency for traditional financial institutions. Fortunately, this is exactly the clientele that Ripple Labs has in mind.

How much will XRP be worth in 2025 after lawsuit? ›

Our Ripple price forecast for 2024 suggests the altcoin could trade at a minimum price of $0.79 and an average forecast price of $0.82. Ripple price could hit a maximum price of $0.95. The Ripple price forecast for 2025 is for Ripple cryptocurrency to trade at a minimum price of $1.19 and an average price of $1.23.

Having analyzed XRP prices, cryptocurrency experts expect that the XRP rate might reach a maximum of $$0.660 in October 2024. It might, however, drop to $$0.584. For October 2024, the forecasted average of XRP is nearly $$0.622.

At this stage, the chances of a settlement will likely have vanished. The SEC may begin preparing an appeal that could leave XRP sidelined through H2 2024.

Lastly, as per the XRP Price Prediction 2030, XRP's price is forecasted to range between $13.80 and $16.24, making an average of $15.02. This long-term optimistic view hinges on Ripple's increasing global recognition and adoption.

The current circulating supply of XRP is 100 billion tokens. For XRP to reach $1,000, the market capitalization would need to be $100 trillion. This is a much larger market capitalization than any cryptocurrency has ever achieved.

If you make an XRP transfer without a destination tag to a deposit address that requires it, the funds may be lost or you may need to pay an extra fee for retrieving them.

July 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring.

XRP is not going to $1,000. It's not going to $589. It's not even going to $100. Even if XRP had the same market cap as Bitcoin today ($1 trillion), then 1 XRP would be worth about $18.