Ripple's XRP Price Poised for Surge as SEC Lawsuit Nears End, Banks Eye Crypto

The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple is nearing its conclusion, sparking widespread speculation about the potential impact on the price of XRP. As regulatory clarity looms, there is growing anticipation that US banks and financial institutions may begin purchasing XRP, which could significantly boost demand for the cryptocurrency. The question on many minds is whether XRP can realistically reach a price of $100 under these circumstances.

The SEC vs. Ripple lawsuit is expected to conclude as early as April 2025, according to recent insights. This development coincides with an impending change to the SAB121 accounting rule, which currently prevents US banks from holding crypto assets. Acting SEC Chair Mark Uyeda has indicated that the SEC staff is working with the crypto task force to withdraw this rule, potentially allowing banks to custody crypto assets. This regulatory shift, combined with the end of the lawsuit, could pave the way for increased institutional demand for XRP.

Currently, XRP is trading at approximately $2.29 with a circulating supply of 58 billion tokens and a market capitalization of around $133 billion. If XRP were to reach $100, its market cap would soar to $5.8 trillion, more than double the current market cap of the entire crypto industry. While this price target is unrealistic in the near term, it could be a feasible 10-year forecast if US banks and institutions aggressively adopt XRP. The Grok AI model suggests that while $100 is a stretch, it is not an impossible target, especially if XRP captures a significant portion of the global finance market and the broader crypto market experiences a boom.

One potential catalyst for this rally could be the launch of a spot XRP ETF. Given Ripple's status as one of the largest US crypto companies and its plans to file an IPO, an XRP ETF could see a substantial surge in demand. Additionally, technical analysis indicates that XRP has bounced to the middle Bollinger band on its daily chart and is testing this level as resistance. If buyers support a breakout from this middle band, it could stir a short-term recovery. The MACD line also shows a bullish outlook after crossing above the signal line, which could aid a solid breakout for Ripple's price.

As traders await the resolution of the lawsuit, buying pressure may begin to rise, pushing XRP price to the 61.8% Fibonacci level of $2.78. Market interest from the end of the lawsuit could drive further gains to the 161.8% level of $4.40. However, a $100 price target for XRP remains unrealistic in the near term due to the altcoin’s massive supply of 58 billion tokens. Nevertheless, this target could be achievable in ten years as institutional interest in Ripple rises following the conclusion of the SEC lawsuit.