Thomas Kralow claimed that if Ripple (XRP) wins the SEC lawsuit, XRP could rise to $30 in the short term.
Thomas Kralow, founder of asset management firm Kralow Capital and crypto hedge fund manager, made a statement about the expected prices for Ripple in an interview published on FXStreet on June 16. He stated that if Ripple wins the unauthorized securities lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC), XRP could reach prices between $10 and $30 within a three- to four-month period, resulting in a value increase of over 20 to 60 times.
Kralow pointed out three main factors that fuel XRP speculations: the content of the Hinman documents, former SEC Director William Hinman's comments on Ethereum in a speech in 2018, and regulators' stance against categorizing XRP as a security.
In this context, the fund manager stated that these factors could continue to fuel speculation and drive up the price of XRP for a while.
Kralow also mentioned that Google Trends data indicate an increase in interest in the sector, highlighting that XRP searches doubled last month. He made the following statement regarding the matter:
Currently, we observe significant speculative discussions that could potentially lead to significant price increases for XRP in the next three to four months and push its value anywhere between $10 and $30.
Furthermore, according to Kralow, proving legally that Ripple Labs' IPO or that XRP is not a security could also serve as an important catalyst or milestone for price increases.
Additionally, renowned crypto trader Cameron Fous had previously suggested that Ripple could be the only cryptocurrency with the potential to make investors rich this year.