Opinion: XRP could rise to $5.85, $18.22 or even $100, but extreme targets are unlikely to be achieved

According to CryptoPotato, XRP is currently trading at around $0.52, and some analysts predict it could rise to $5.85, $18.22, or even as high as $100, although the likelihood of reaching these extreme targets is not great. The ongoing lawsuit between Ripple and the SEC has significantly impacted the price of this asset; partial victories in court have raised optimistic expectations for a potential bull market. Although XRP's price briefly rose above $0.70 in mid-March, Ripple's XRP has not been one of the best-performing cryptocurrencies this year. Its current trading price is around $0.52 with only minor growth compared to a month ago.

Many analysts believe that this asset can break through its current price position and move towards quite outrageous targets—for example, user Dark Defender believes that XRP can rise to $5.85 before soaring further to an astonishing $18.22.

Earlier this year, the analyst set a more ambitious target of 20 dollars while EGRAG CRYPTO warned the "XRP army" to "stay steady" because a price "ignition" might be imminent—one of the most bullish predictions was made by JackTheRippler who forecasted that XRP would surge up to an amazing 100 dollars.

However none of these forecasts compare with CryptoBull’s analysis from 2023 which suggested that at some point in future XRP could skyrocket up to an astounding 470 dollars—it should be noted though that for such level achievement there must be explosive growth in its market cap beyond two quadrillion dollars.

Currently total crypto industry market cap stands merely at 2 trillion five hundred billion dollars—many people think litigation between Ripple and SEC is main factor affecting trend direction for XPR prices—the case initiated back in December last year recently entered trial phase—with three partial legal victories achieved by Ripple during 2023 many consider US SEC to be on back foot—there have been many changes in this legal battle recently and according to US lawyer Jeremy Hogan both sides are now awaiting judge’s ruling—if Ripple achieves decisive victory it could trigger XRP bull market while opposite scenario might halt asset's upward momentum just like when agency initially took action against company back in December 2020.