SEC Lawsuit Could Have Cost XRP $23 in Potential Gains

A recent analysis suggests that XRP could have reached $24 if the SEC lawsuit had not occurred. According to Jungle Inc, a market analyst, the potential record high for XRP would be about $24.50. This figure is based on the path bitcoin followed in its two most recent bull markets.

The calculation involves applying bitcoin's 3.49-times rise between cycle peaks in 2021 and its 1.83-times rise in the 2025 cycle to XRP's 2018 high of $3.84, yielding a potential peak of about $24.50. Jungle Inc argues that this figure is not based on 'unrealistic expectations' but rather on the actual path bitcoin followed.

The divergence between XRP and bitcoin's trends occurred in late 2020. After the crypto market recovered, XRP initially followed the upward move but diverged when the SEC sued Ripple in December 2020. Delistings at several US and Canadian exchanges and increased selling pressure prevented XRP from fully participating in the broader market rally.

Currently, XRP is trading at $1.13, about 70 percent below its 2017-2018 peak. In contrast, bitcoin is at $63,600, approximately 223 percent above its 2017-2018 peak. Jungle Inc believes that XRP could reach the 'low-to-mid $20s' even if adoption expands at an average pace. If adoption increases more strongly, prices could rise further as the market revalues the asset.

However, it's essential to note that the actual price path for XRP may vary depending on factors such as the pace of adoption, the continuation of the broader market's bullish trend, and changes in supply and demand after the end of the Ripple lawsuit.