How High Can Ripple (XRP) Price Go After $125 Million Fine? (Top Analyst Predictions)

TL;DR

XRP price surged 20% to over $0.60 after a court ruled that Ripple must pay a $125 million fine, far less than the SEC’s $2 billion demand . The decision is seen as a major victory, sparking bullish sentiment and speculation of potential upside for XRP, with bullish price targets from analysts. XRP Bull Run Now In Motion?

Ripple’s XRP is one of the market’s best performers today (August 8), with its price rising 20% ​​to over $0.60. The rally followed a major development on the Ripple lawsuit front against the SEC.

As CryptoPotato reported, Judge Analisa Torres ruled that the company must pay a fine of $125 million. The sum is far less than the $2 billion initially sought by the regulator, prompting many industry participants to declare the decision a major win for Ripple. One of them is the company’s CEO, Brad Garlinghouse:

“The SEC asked for $2 million and the Court reduced their demand by ~94%, recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company,” he said the executive

The subsequent rise in the price of XRP has been one of the trending topics on crypto X in recent hours, with several analysts suggesting that this is the start of a major bull run for the asset.

Popular X user Doctor Profit described the court ruling as “a massive, bullish event due to the newly discovered regulatory clarity and the plethora of bullish rumors to follow.” The trader believes that the development will serve as a sign of confidence and attract an additional number of investors to the ecosystem.

“Demand pressure is over and remember we didn’t have a bull run in 2021 for XRP! This means the indicators are not only bullish but extremely bullish for XRP with a very healthy chart” , they added.

Doctor Profit went even further, speculating that Ripple and the SEC might even start working on an XRP ETF behind closed doors. The “best case” price target set by user X is $16-$20, while the “worst case” price target is $4-$7 with a one-year term to starting today

It’s worth mentioning that a price of $20 would require XRP’s market cap to explode to roughly $2 trillion. The current market cap of the entire crypto industry is around $2.1 trillion, which makes the forecast seem unlikely.

Potential turbulence in the short term

CrediBULL Crypto and CRYPTOWZRD have also joined. The former claimed that the court’s decision has cleared the stage for “a mega run” for XRP, arguing that a new all-time high (ATH) is only a matter of time.

CRYPTOWZRD maintained that the asset closed “extremely bullish” on its latest daily price chart, expecting higher near-term volatility. “I’ll be looking to get a quick scalp tomorrow based on their lower time frame chart formation,” the trader added.

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