As the legal battle between Ripple Labs, the company behind XRP, and the Securities and Exchange Commission (SEC) unfolds, market experts continue to share their predictions on the cryptocurrency’s price movement. Finder’s panel of FinTech specialists provides insights into XRP’s potential price by the end of 2023 and beyond, taking into consideration the possible outcomes of the SEC lawsuit.
Finder’s Panel Price Predictions
Finder’s panel predicts XRP’s price to reach as high as $0.90 by the end of December 2023 if it wins the SEC lawsuit, up from its current price of $0.46. However, if XRP loses the case, the panel expects its value to drop to $0.3. The panel’s long-term predictions see XRP hitting $3.81 by the end of 2025 if it wins the lawsuit, or $0.98 if it doesn’t.
Market Sentiment and Expert Opinions
Craig Cobb from Tradercobb.com is among the more optimistic panelists, expecting XRP to trade at $1 by the end of 2023 if it wins the lawsuit. Mitesh Shah, founder & CEO at Omnia Markets, is less optimistic, seeing XRP trading at $0.35 even if the lawsuit is won. Sathvik Vishwanath, CEO of Unocoin Technologies, predicts a price of $0.54 if Ripple wins and $0.50 if it loses, noting that XRP has shown resilience despite the negative press and market turbulences.
Tommy Honan, head of Strategic Partnerships at Swyftx, believes that XRP’s price will follow market trends until a verdict is reached. He expects increased price volatility as the outcome draws near, with price targets of $0.75 if XRP wins and $0.35 if it loses.
Buy, Sell, or Hold XRP?
Finder’s panel reveals mixed opinions on the current investment strategy for XRP. Just 27% suggest buying XRP, while 38% advocate holding and 36% recommend selling. Martin Froehler, CEO at Morpher, believes that if Ripple wins, it would be a significant victory for the entire crypto industry, predicting an optimistic $5 price target by 2025. On the other hand, John Hawkins, senior lecturer at the University of Canberra, considers XRP lacking in fundamental value and suggests selling.
Notably, Ripple’s CEO, Brad Garlinghouse, has stated that the company may move to a different jurisdiction if it loses the SEC lawsuit. Finder’s panel reveals that 43% of the experts believe Ripple would move, while 26% think it will remain in its current jurisdiction.
