Ripple is currently a step or two ahead in the SEC-related litigation. Ripple’s lawyers are squeezing the SEC from all sides. So the SEC might pretty soon say, “Damn this case I’ve filed… I’m withdrawing this case,” so to speak. The court board asked the SEC to submit all paperwork to the court by August 31.
If the SEC officials do not submit the documents by August 31, the case is on the agenda… Ripple’s lawyers are pressing the SEC over the court, saying, “Why don’t you consider Bitcoin and Ethereum as securities? You need to explain this.” In this case, the case is on the agenda to be dismissed, the SEC is on the agenda to withdraw the case, Ripple may win or lose the case as a result of the court… This is an important situation…
Ripple’s price is currently in the $0.63 band… If Ripple wins the case, XRP can be expected to quickly reach $4 or $5 in the first stage. It is then expected to find support in the $8 – $9 band. Then, the $14 and $15 bands may come to the fore. In a slightly longer term, it could reach as high as $20. In the long run of five or six months, there is a potential of $25 once Ripple wins the case. The ultimate target for XRP can go as high as $100. In this case, $15 in XRP means a full 25X gain. If it is $100, the win rate will be 100x.
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