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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.