American blockchain It is alleged that the ongoing legal process between Ripple and the Securities and Exchange Commission (SEC) is nearing its end.
Ben McMillan, the founding chief investment officer of IDX Digital Assets, which develops digital assets, said that after the lawsuit came out. Ripple and stated that he expects sensational price movements in all altcoins.
In his written statement shared with crypto sources, McMillan made a prediction about the price of XRP through two scenarios.
“If the case turns out to be in favor of Ripple, we may witness a 100% increase in the local token XRP. If a negative decision is made, I predict the price will fall to $0.30 and lower.”
VanEck Executive: Judgment Pricing
Matthew Sigel, a senior executive at another digital asset firm, VanEck. XRP He stated that the price increase in recent days is related to the lawsuit. According to the head of research, the market believes that Ripple will triumph in the legal battle. Sigel offered a more conservative price estimate, unlike the IDX founder:
“I think that if Ripple wins the SEC case, the XRP price will rise in the range of 15% to 30%. On the other hand, there may be an upward movement of 5-10% in Ethereum and other altcoins.”
XRP has diverged from the crypto market since February 21st. While Bitcoin dominance has increased overall, Ripple has gained 45% compared to the leading crypto.
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