Ripple $XRP At $4: How Realistic Is This Prediction?

The XRP community believes that the SEC will withdraw all the lawsuits against the coin, igniting another bull run soon. The pro-crypto stands of U.S. President Donald Trump support several price prediction experts forecast this hope and the coin to reach an all-time high of $4. 

Following achieving the highest market cap of 191 billion dollars last week, the coin is currently in a recession due to external market conditions. Let’s check XRP’s market condition in depth, and find out whether it has enough luck to reach $4. 

Chances of XRP Reaching $4 

Various positive factors affect the price of XRP, including its ongoing case with the SEC, the arrival of ETFs, and the support it is getting in mainstream media. Let’s check each reason in detail.

1. SEC’s Verdict

The newly formed pro-crypto government, with the acting chairman Mark T. Uyeda, has launched a crypto task force exclusively to deal with blockchain technology. It will soon form a clear-cut regulatory framework for crypto, which will probably help Ripple to clear its case. 

2. Spot ETF Approval

If Ripple gets a positive verdict from the Securities and Exchange Commission (SEC), we will probably see the approval of XRP spot ETFs. This will likely boost XRP’s price above $4. Around seven XRP ETF requests have been made by firms, including the leading European asset manager CoinShares. 

3. Mainstream Attention

When the SEC filed a lawsuit against Ripple in 2020, it got negative publicity in mainstream media and drained its market cap. However, the recent media attention is very positive, and this will get boosted further if it wins the lawsuit and gets ETF approval. Also, the social media sentiment for the token is very strong. 

Is XRP Going to Crash Again? 

Apart from the positive reasons for the surge and potential ATH, there are also chances for XRP to crash. The coin has a 50-50 chance to surge into $4 and to crash into $0.4. XRP has shown a huge increase in its short-term hodlers, and a sudden FUD (Fear, Uncertainty, Doubt) will likely result in selling pressure and an instant crash, as witnessed in 2018.

The tax reform in the US and multiple other reasons contributed to the 2018 bear phase of XRP. It was trading around $2.5 and dropped into cents within months. The SEC case further fueled the drop. With the current circumstances, the probability of such a downtrend is not high but possible. 

XRP’s Price: Upcoming Events & Dates to Watch For 

As a token that reacts with price fluctuations to external events, we should keenly observe the upcoming events to know its future price movements. Let’s get into some important soon-to-arrive events.

Where to Purchase XRP? 

The biggest XRP trading is happening in Binance, with 24-hour trading volume crossing 1 billion dollars. If you are not interested in CEXs, you can trade XRP on decentralized exchanges such as PancakeSwap, Uniswap, KLAYswap, and Biswap. Here are the top 10 XRP CEX markets with corresponding trading pairs: 

Final Thoughts: Sell or HODL XRP?

XRP will arrive at $4 but nobody knows “when” it will reach. If you are hodling XRP for the long term, it is better to continue the hodling. If you are a short-term trader, a preferable strategy is to divide your funds and trade in multiple intervals. However, hodling for life will escape you from the FUD. In either plan, try to do as much research as possible. There are plenty of data on XRP on the internet. Always DYOR!