[뉴욕=박재형 특파원] Coin Edition reported on the 22nd (local time) that the exponential rise in the price of XRP will be natural once the long-term legal battle between XRP issuer Ripple and the US Securities and Exchange Commission (SEC) is over.
Anonymous cryptocurrency analyst Jack the Rippler (Jack) said that the conclusion of the Ripple-SEC lawsuit means that XRP now has full regulatory clarity to act as the first cross-border payment asset in the United States.
He therefore argued that it is “inevitable” that the price of XRP will rise to three to five figures once the long legal battle with US regulators is over.
Specifically, Jack expects XRP to be between $100 and $10,000 sometime in the future.
He has previously predicted that it would be very easy for the price of XRP to reach $1,000, but his previous forecast rose significantly.
Jack makes this prediction based on the utility of XRP Ledger (XRPL) in the tokenization market.
He estimates that the value of $50 trillion will be tokenized through XRPL, and concludes that given this huge potential, a $1,000 XRP price is not an elusive goal.
Meanwhile, the SEC proposed a $2 billion fine against Ripple to the court last month, but Ripple is expected to object and express its refusal on the same day as the deadline for a response.
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A final settlement will be reached soon between Ripple and the SEC.
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