XRP News: XRP Faces Selloff Amid SEC Appeal, But Analysts Predict Potential Surge to $5
This week, XRP price has been in the spotlight, experiencing a sharp decline following a significant development in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The SEC recently filed a Notice of Appeal, signaling that the case is far from over, which in turn triggered widespread speculation in the crypto market, leading to a major selloff in XRP’s value.
Despite this, a well-known analyst has stirred optimism by predicting that Ripple’s native cryptocurrency could eventually surge to $5. This prediction comes as XRP shows signs of a slight recovery, suggesting that the crypto may still have the potential for further gains in the near future.
Top Analyst Forecasts XRP Surge to $5
Despite the recent drop in XRP’s price due to the SEC’s appeal, renowned analyst EGRAG Crypto remains bullish. He foresees XRP climbing to $5, outlining two possible scenarios that could lead to this outcome.
EGRAG Crypto points out that if the SEC appeal results in a situation similar to December 2020 (when XRP faced a setback but later surged 10x from its low) then the cryptocurrency could see a rise to the $5-$6 range. Additionally, if Bitcoin reaches a new all-time high in the $80K to $100K range, XRP and other altcoins could potentially follow with similar percentage increases.
By utilizing Fibonacci retracement levels, the analyst estimates that if Bitcoin hits $80K, XRP could reach $2.31, and if Bitcoin soars to $100K, XRP could climb to $2.88. This optimistic forecast has reignited confidence among market participants, especially in light of XRP’s recent price recovery.
While uncertainty around the Ripple SEC case continues to loom over the market, analysts like EGRAG Crypto remain confident in XRP’s long-term potential. As the appeal process moves forward, investors are approaching the market cautiously, but optimistic predictions such as these provide hope for future growth.
What’s Next in the Ripple SEC Case?
According to pro-XRP attorney Fred Rispoli, the Ripple SEC case is unlikely to conclude before early 2026, a statement that has fueled further speculation within the crypto community. Many have criticized the SEC for prolonging the legal proceedings.
In contrast, another pro-XRP lawyer, Jeremy Hogan, described the SEC’s decision to appeal as a “big mistake,” indicating his confidence in Ripple’s potential victory if the company opts to cross-appeal. Ripple’s Chief Legal Officer, Stuart Alderoty, has also taken aim at the SEC, hinting that a cross-appeal might be in the cards for Ripple.
Currently, XRP’s price hovers around $0.523, after briefly rising to $0.66 earlier in the week. Despite the legal uncertainty, investor sentiment remains cautiously optimistic, particularly following Bitwise’s filing for an XRP Exchange-Traded Fund (ETF), which signals growing institutional interest in the cryptocurrency. Additionally, bullish forecasts like EGRAG Crypto’s have further boosted market confidence, suggesting that a potential rally may be on the horizon for XRP.
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