How High Can Ripple’s (XRP) Price Go After the $125 Million Fine? (Top Analyst Predictions)
XRP’s price jumped by 20%, reaching over $0.60 after a court ruled Ripple must pay a $125 million fine, far less than the SEC’s $2 billion demand.
The decision is viewed as a major victory, sparking bullish sentiment and speculation of a potential bull run for XRP, with optimistic price targets from analysts.
Ripple’s XRP is one of the market’s best performers today (August 8), with its price soaring by 20% and surpassing $0.60. The rally followed a major development on the Ripple v SEC lawsuit front.
As CryptoPotato reported, Judge Analisa Torres ruled that the company must pay $125 million fine. The sum is far less than the $2 billion initially sought by the regulator, causing many industry participants to declare the decision a major victory for Ripple. One of those is the company’s CEO – Brad Garlinghouse: