Saturday, May 21, 2022
Home Crypto News Market Panel of 36 Industry Experts In Recent Report Says Ripple Will Hit...

Panel of 36 Industry Experts In Recent Report Says Ripple Will Hit $2.55 By December 2022 Despite Recent Price Dip

- Advertisement -

The financial experts make favorable XRP predictions despite the underperformance of the crypto market.  

The general cryptocurrency market has been on a downtrend since last week after the Federal Reserve confirmed that it would be increasing interest rates in order to mitigate rising inflation.

Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), among others, have all recorded significant losses of over 30% since the Feds made the announcement.

Finders’ Experts Expect XRP Surge

The unfortunate circumstances have not hindered financial analysts from making favorable predictions for the nascent asset class.

This time, a group of 36 fintech experts predicted in a recent Finders’ report published on May 4th that regardless of the current market crash, Ripple’s native cryptocurrency will surge to a high of $2.55 by the end of the year. For the financial experts who made their predictions for the XRP token known, the major influence that will determine the price of the cryptocurrency is the outcome of the lawsuit between Ripple and the Securities and Exchange Commission (SEC).

finders report on ripple price prediction

According to the financial experts, a win for Ripple could see the coin soar as high as $2.55, while in the event of a loss, the experts believe that XRP could plummet to a low of $0.50.

Unfortunately, given the amendment to the recently published joint schedule order by Judge Analisa Torres, it is not certain that the lawsuit will end this year.

Aside from this year’s prediction, the group of fintech analysts also gave their prediction for XRP by 2025 and 2030. Notably, XRP will hit $3.61 by the end of 2025 and in 2030, the sixth-largest cryptocurrency will surge as high as $4.98.

Commenting on what would happen to XRP if Ripple wins the lawsuit, Carol Alexander, Professor of finance at the University of Sussex noted that the blockchain project could gradually replace SWIFT.

“It is not like any other crypto. If it wins vs. SEC, it really will start to replace SWIFT,” Alexander said.

As widely reported, the ongoing lawsuit will not only determine the value of XRP, it will also decide the fate of the entire United States cryptocurrency industry.

Brad Garlinghouse, the CEO and founder of Ripple, noted that the blockchain company will not be overwhelmed if it loses the lawsuit because it is already operating as if it has lost and that has not hampered the company’s growth.

Meanwhile, XRP is currently changing hands around $0.44 across major exchanges, down 14.5% in the last 24 hours, according to data on Coingecko.

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Can Pac-Man Frog (PAC) Outperform ApeCoin (APE) And Theta Network (THETA)?

Cryptocurrencies are all anyone has been able to talk about for the past couple of years. They are an innovative way of thinking about...

Secure DeFi Protocols: Calyx Token (CLX), Chainlink (LINK), and Aave (AAVE)

An ongoing prevalence of hacks, attacks, and exploits within the cryptocurrency space highlights the importance of verifying the security and integrity of a protocol...

Beware of Malicious Proposals, Terra (LUNA) Team Says No Dapps Launched on Terra 2.0 

Terra Team Warns Community to Beware of Malicious Proposals, Says No Decentralized Application Has Launched on Terra 2.0. ...

CZ On Terra (LUNA): “Most Stupid Design Flaw Is Thinking Minting More Of An Asset Will Increase Total Value”

  Binance CEO: Terra Had The Chance To Save Luna And UST When The De-peg Was At 5% But They Failed To Act.

Ethereum Co-Founder Vitalik Buterin Says He Is No Longer A Billionaire

The Ethereum exec was also affected by last week’s cryptocurrency dip that wreaked havoc on investors.  window.coinzilla_display...

Market Pundit: UST And Terra (Luna) Collapse Is NOT An Indication That Crypto Market Is Ending

  Crypto Market Is Not Ending Because Of Terra. window.coinzilla_display = window.coinzilla_display || ; var...

Another Top American Exchange Halting Terra USD (UST) Trading After Coinbase

Gemini follows Coinbase to halt UST trading. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.