$XRP The price of the XRP Ledger's native token, XRP, has risen more than 48% to $0.56 over the past year amid a broader recovery in the cryptocurrency market, but a cryptocurrency analyst has now suggested that the price could continue to rise, potentially reaching $27 per token. up 4,720%. According to popular cryptocurrency analyst Egrag Crypto, XRP's "unprecedented regulatory clarity" means it "seems promising" to consider the possibility of XRP rising 40 or even 50 times higher than its growth in the last market cycle. In the report, published on microblogging platform X (formerly known as Twitter) to over 40,000 followers, Egrag Crypto celebrated Ripple's legal victories against the US Securities and Exchange Commission (SEC). In 2020, Ripple faced a lawsuit from the SEC for allegedly violating US regulations securities by selling XRP without first registering with the agency. Judge Torres' analysis determined that XRP was indeed a security when Ripple initially sold it to institutional investors, not when it was sold to the general public. Judge Torres's main reasoning was that that institutional investors who bought XRP and Ripple likely understood that it had certain characteristics of a security. However, this information was not necessarily available to those who purchased XRP through cryptocurrency exchanges. According to Egrag Crypto, XRP can now match the previous gains of Bitcoin and Ethereum, potentially reaching a high of $27. However, the analyst pointed to a number of possibilities that also include a 40-50x jump that would see XRP reach $11 or $14. As CryptoGlobe reported, last month a popular cryptocurrency analyst suggested that XRP could soon surpass flagship cryptocurrency Bitcoin (BTC) and rise 1,500% against it if it breaks a key level. According to him, it appears to be "a matter of time before XRP makes an 88%+ move" against the flagship cryptocurrency, causing the cryptocurrency will significantly outperform Bitcoin. The analyst added that if the price breaks and holds above the major resistance at 0.000027 BTC, then XRP could surge 1,500% against Bitcoin. Previously, another popular analyst recently suggested that a "parabolic move is imminent" for Ledger's native XRP token from -for a rare bullish pattern formed on the price charts of the cryptocurrency.$XRP

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