[Can holding 40,000 XRP turn into $100 million? 】
A federal judge in New York recently issued a final judgment in the case of the U.S. Securities and Exchange Commission (SEC) v. Ripple, bringing a partial victory to both parties and ending a long-running dispute in the Southern District Court of New York (SDNY). Years of litigation. On the news, XRP price rose to $0.6579 per coin, up 51.76% from the monthly low of $0.4335 on August 5.
While many investors expected XRP to rise further following the conclusion of the lawsuit, market panic and rumors of a potential appeal impacted price action. Some legal experts, including James “MetaLawMan” Murphy, predict that the SEC and Ripple will appeal Judge Analisa Torres’ decision. Amid these speculations, XRP price fell back to $0.5866 per coin, down 1.3% in the past 24 hours.
While XRP has underperformed, some market observers have high goals for it. Market watcher EGRAG predicts that the price of XRP could reach $2,500. His prediction was reportedly based on advice from a well-known banker that holding 40,000 XRP would be worth $100 million if the price reached $2,500. EGRAG therefore recommends investors accumulate XRP holdings to take advantage of the asset’s potential to solve liquidity issues during an economic downturn.
XRP is currently priced at $0.5866 per coin and would need to rise by 426,084% to reach the $2,500 target. This provides investors with the opportunity to purchase XRP at a discount, with 40,000 XRP costing approximately $23,464. If XRP reaches the $2,500 target, the value of these 40,000 coins will increase to $100 million. However, reaching this goal would require a significant rise in XRP, and there are still questions as to whether it will be achieved. Investors should exercise caution as this article is for reference only and is not investment advice.
