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Dom Kwok, EasyA, sparks speculation about XRP prices with an optimistic outlook.
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Digital Asset Investor refers to a previous prediction that XRP would surpass $17.
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The crypto-community debates the feasibility a trillion dollar Ripple valuation.
Dom Kwok’s comments, the co-founder of EasyA, have fueled speculation about XRP’s future price. Kwok said in a post to X that crypto prices might rise so much that investors “get tired of going upwards.” His comments have since fueled XRP speculation.
After Kwok’s comments, Digital Asset Investor (a prominent XRP backer) referred to an older blog post by HODOR, which estimated that XRP reaching 17 would push Ripple’s valuation up to $1 trillion.
This post went further and claimed that the price would not stop there. It highlighted the potential for continued growth past psychological resistance points.
This fueled the more positive corners of the XRP Community. One commenter suggested Ripple might rank among the top 10 global companies by market capitalization after a possible IPO. He continued to say that a number one ranking is not “impossible.”
This view is similar to those who believe that XRP has a significant long-term value. Not everyone is buying the hype.
XRP: Bullish Dreams vs. Bearish Reality?
Graham Unsworth expressed his frustration at the prediction as well as other ambitious XRP predictions that are widespread in the community.
“Sick of all these price predictions. Unsworth wrote that the price is a few cents more than it was in November 2020 just before the SEC’s case.
He argued that a significant price change would not occur until the litigation is concluded and regulatory clarity has been established. Current discussions, he called “clickbait”, are causing XRP to trade at $2.27. This is a 3.78% increase in the last day.
RelatedXRP Soars 16 Percent as Franklin Templeton Files ETF, SEC delays weigh
Another community member added another layer of complexity by claiming that XRP’s primary use in facilitating cross border payments could actually restrict its appreciation. He argued that XRP’s lower prices benefit financial institutions.
This view is in contrast to those who believe that XRP prices are astronomical solely due to institutional investment.
The Ripple-SEC Saga is still unresolved
Eleanor Terrett, a journalist, reports that Ripple is negotiating to get better settlement terms, delaying the resolution. She reports that Ripple has been negotiating with the SEC to get better terms for settlement, which is delaying resolution. The $125 million fine, and the ban on XRP sale to institutions are key issues.
Related: Settlement In Sight for Ripple vs. SEC case, Though Final Terms are Still Negotiated
Ripple claims it shouldn’t be penalized because the SEC is backing away from past crypto cases. Accepting the ruling means admitting wrongdoing while the SEC is unsure whether any wrongdoing occurred. Negotiations are taking longer than expected because there is no precedent.
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