Key Takeaways
- XRP’s price could hit $1,000 in the next five years, following the price trajectory of Bitcoin and Ethereum, top-performing digital assets.
- Fred Fred Rispoli, an Attorney on X, expects the XRP vs SEC lawsuit to be resolved with a $125M judgment.
- XRP’s price faces a key decision time around $2, as the price could rally to the upside or downside depending on how it responds around this zone.
The crypto market saw a sharp price decline following the close of the first-ever White House summit hosted by US President Donald Trump as the price of Bitcoin (BTC) declined from a high of $88,700 to $86,000 within a few minutes, sparking renewed uncertainty among traders and investors regarding where the crypto market could be headed in the next few days or weeks.
There have been price concerns for BTC, considering its price crash in the past few weeks from a high of $97,000 to a region of $78,500 before a price bounce toward $95,000. However, the price of BTC has struggled to show strong momentum to the upside in the past few weeks despite positive news of US President Donald Trump signing the BTC strategic reserve stockpile.
Altcoins such as XRP have struggled in the past couple of weeks to find strong bullish price action despite rallying to a high of $3, as it was rumored that XRP would be announced as part of the US strategic reserve stockpile.
With the price of XRP struggling to break to the upside, we could see the price trade into its key support zone of $2 in the coming weeks. XRP bulls are expected to defend this region and avoid a close below this zone, as this would lead to more bearish dominance for price.
XRP vs SEC Lawsuit Would End With $125M Fine
According to a post by Fred Rispoli, an Attorney on X weighing in on the XRP lawsuit, there is no reason why the Ripple (XRP) vs. US SEC case would not be resolved. Although it could attract a fine of around $125M, he expects the XRP team to pay off such a fine without worries, as this could boost the price of XRP.
XRP’s price has stalled largely because of this lawsuit, but it could see some firepower if the lawsuit is resolved. Many traders and crypto experts believe XRP has the potential to become a strong price performer in 2025, with XRP price predictions in the last few weeks suggesting a rally to $50 or $100 could be possible.
Crypto experts on X have suggested that the price of XRP has the potential to replicate what Bitcoin and Ethereum have done over the years. The price could hit $1,000 or more in the next five years, considering the institution adopted the price and its lawsuit with the US SEC would have ended.
XRP Price Analysis – Will Price Hold $2 Support?
Source – XRP 4HR Price Chart From TradingView
The XRP price currently trades into its key support of $2. Considering its price action for the past few weeks has not been encouraging, the price could face the key decision of bouncing from this region and trading to the upside or breaking its zone and trading to the downside.
Caution must be exercised while trading XRP around this key zone to decide on the price for the next move in the coming weeks.
