If Ripple loses the lawsuit, the price of XRP might trade at USD 0.98, still an advantage for those HODLing. Martin Froehler, the CEO of Morpher, thinks it is time to buy as the crypto industry would benefit if the company defeats the SEC.
Amid the legal battle between Ripple Labs and the SEC, XRP is trading at around USD 0.47. In that context, the group of in-industry specialists Finder panel makes further predictions about cryptocurrencies.
The experts recently talked about what might happen to the price of XRP if Ripple Labs wins the case. They said the crypto asset might trade at USD 3.81 by the end of 2025.
If the company loses the lawsuit, the price of XRP might be USD 0.98, an advantage for those ready to HODL. However, nobody knows what will happen to the cryptocurrency until the release of the outcome of the case in 2023.
An Adjusted Prediction about the Price of XRP
The specialists’ predictions about the XRP price have decreased since April. At the time, their average forecast was USD 2.55 by December if Ripple Labs won the case. If the company loses the lawsuit against the SEC, they expected the price would be USD 0.68.
The decline in riskier assets affected the value of XRP, as has happened with most cryptocurrencies. The October 2022 forecast by the panel is about 64% below their prediction in April.
Craig Cobb, a representative of Tradercobb.com, believes that XRP will trade at USD 1 by late 2022 if they make a profit. He said a herd mentality might drive the price higher.
Predictions about the XRP Price amid the Crypto Winter
According to Mitesh Shah, the CEO of Omnia Markets, the price of XRP might settle at USD 0.25 if Ripple Labs wins. He argued that controversial coins like XRP would have a negative impact as global traders capitulate their investments.
Sathvik Vishwanath, the CEO of Unocoin Technologies, does not foresee a significant rise in the price by late 2022. He thinks the price of XRP will be USD 0.54 if Ripple Labs wins and USD 0.50 if it loses.
Vishwanath pointed out that XRP has enough supporters as it has responded well to price action across the market.
Tommy Honan, the head of strategic partnerships at Swyftx, believes that XRP will follow market trends until the verdict. He stated that there might be increased volatility when the outcome looks closer, as the market usually assesses those events in advance.
Honan predicts that the price of XRP might rise to USD 0.75 by late 2022 if XRP wins and USD 0.35 if it loses.
The Experts Talk about Buying, Selling, and HODLing XRP
Only 27% of the specialists stated they buy XRP, while 38% HODL and 36% sell.
According to Martin Froehler, the CEO of Morpher, it is an excellent time to buy. He explained that the crypto industry would benefit significantly if Ripple Labs wins the case. The bullish prediction of the expert is USD 5 by 2025 if the company defeats the SEC.
John Hawkins, a senior lecturer at the University of Canberra, considers it is time to sell. He said that XRP has no fundamental value, so it mostly follows the price of Bitcoin (BTC).
Meanwhile, XRP is trading at around USD 0.47and has accumulated a 3.9% loss over the last 24 hours. While its daily trading volume is above USD 1.31 billion, its market capitalization is about USD 23.31 billion, according to CoinGecko.
By Alexander Salazar
