- Community pundit Jack argued XRP’s potential to attain $100 and $10,000 after the SEC lawsuit ends.
- Previously, he asserted that $1,000 per XRP is “peanuts” considering the tokenization market.
- Ripple is challenging the SEC’s proposal for nearly $2 billion in fines today.
Members of the XRP community continue to speculate about XRP’s outlook upon the conclusion of the multi-year legal battle involving Ripple and the SEC. Community member Jack, with 212.6K followers on X, recently weighed in on this discussion.
Jack emphasized that the Ripple-SEC lawsuit’s conclusion means XRP has complete regulatory clarity to function as the first cross-border payment asset in the US. Accordingly, he argued that a three to five-digit value for XRP upon the termination of a protracted legal battle with the US regulator “is inevitable.”
Notably, the outlook suggests the community pundit expects XRP to be between $100 and $10,000 sometime in the future. Jack’s latest commentary on XRP’s potential value expanded upon his earlier assertive claim that XRP trading at $1,000 would be “peanuts.” At the time, he grounded the forecast on XRP Ledger’s utility in the tokenization market.
Jack speculated a scenario wherein $50 trillion in tokenized value passes through XRPL. As a result, he concluded that $1,000 per XRP is a trivial target in light of the immense potential within tokenization.
Now, this XRP enthusiast has issued an even bolder outlook for XRP when Ripple’s regulatory hurdle concludes. One of the most recent updates in the SEC vs Ripple case involves Ripple’s Chief Legal Officer Stuart Alderoty announcing plans to file an opposition to the SEC’s request for nearly $2 billion in penalties from the company. This opposition filing will occur today, April 22.
Last month, the SEC proposed a judgment requiring Ripple to pay $1,950,768,364 in fines and penalties for its alleged violation of federal securities laws. Should the court adopt this proposed judgment, Ripple must settle the $1.95 billion amount within 30 days of the ruling.
However, Ripple’s team is not receptive to this proposal and plans to challenge it today with a counter-filing.
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