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Without the SEC lawsuit, XRP could have experienced substantial growth during the 2021 bull run, creating the groundwork for an even better rally this cycle.
XRP investors missed out on the 2021 bull run, with the asset reaching only $1.96. Many attribute XRP’s failure to reclaim its old all-time high during the last bull season to the now-concluding lawsuit against Ripple.
On December 20, 2020, the U.S. SEC sued Ripple and its executives, Christian Larsen and Brad Garlinghouse, for allegedly orchestrating a $1.3 billion unregistered securities offering via XRP. Consequently, U.S.-based exchanges withdrew support from XRP, causing temporary price declines.
Meanwhile, the crypto market was entering a fresh bull season amid Bitcoin’s third halving cycle. However, the lawsuit limited public access to XRP, cutting its bull run short. Specifically, XRP peaked at $1.965 on April 14, 2021, while Bitcoin continued its uptrend for another six months until November 2021.
XRP’s price has since declined, trading around $0.47 today. Enthusiasts believe that XRP could be in a better position without the SEC lawsuit. This sentiment draws inspiration from the 75,000% surge XRP experienced in the 2017/2018 season, briefly ranking as the second most valuable crypto after Bitcoin, overtaking Ethereum.
To explore XRP’s potential price without the SEC lawsuit, we leveraged OpenAI’s ChatGPT. The AI tool acknowledged that predicting XRP’s price without the SEC lawsuit is speculative. However, ChatGPT considered key factors such as market sentiment, Ripple’s partnerships, and historical performance to make a guess.
Moderate and High Growth Scenarios
In a moderate growth scenario, which assumes continued positive developments and growing adoption without the lawsuit, ChatGPT suggested a 50-100% price increase. It used XRP’s pre-lawsuit price of approximately $0.60 in December 2020 as a reference point. Accordingly, the projected percentage growth suggests XRP could be worth between $0.90 to $1.20 now.
ChatGPT proposed that XRP could maintain a 150-200% price increase in a high-growth scenario. This would lead to a hypothetical price range of $1.50 to $1.80.
Aggressive Growth Scenario
In an aggressive growth scenario, ChatGPT theorizes that XRP could retain a 300-500% price increase since December, potentially putting XRP’s price at $2.40 to $3.60. While this would still be below its 2018 all-time high of $3.84, a $3.60 price today would be a significant improvement from its current $0.47.