back to top
Sunday, June 2, 2024
HomeCryptoHow high can XRP go if Bitcoin hits $155,000?

How high can XRP go if Bitcoin hits $155,000?

Ripple’s XRP token reached an all-time high of $3.40 in January 2018, more than six years ago. This asset is currently down nearly 85% compared to its 2018 peak.

However, before drawing conclusions, it should be noted that one of the most important hurdles to the price of XRP is the ongoing lawsuit between Ripple and the US SEC (Securities and Exchange Commission). The SEC alleges Ripple engaged in the sale of unregistered securities. Last year, a US district court ruled that selling XRP to retail customers did not violate securities laws.

However, the case has been taken to the high court and investors are awaiting a verdict. If the high court rules similarly to the district court, we could see a sudden increase in the price of XRP.

Therefore, Bitcoin (BTC) reaching $155,000 may not be enough for Ripple’s XRP to increase in price. The asset may need an additional boost, such as a positive ruling in the lawsuit between the SEC and Ripple.

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Fresh