"Will the prediction come true or just wishful thinking?"
Crypto analyst Dark Defender recently not only shared an update on the performance of Ripple (XRP) but also provided a price forecast after he expected it to climb higher.
However, the ongoing legal battle between the United States (US) Securities and Exchange Commission (SEC) and XRP has caused investors to worry about the future of the digital asset.
Even so, Dark Defender, who is famous for his insights shared on Twitter, expects the price of XRP to pass $1.96 or $3.82 following the digital asset's recent positive development.
Dark Defender also said that XRP has breached its third resistance zone, so the price can touch $3.39 and then to $22 or more if XRP manages to break through that level first.
Apart from him, another analyst also predicted the price of XRP could potentially rise up to $3.50 if the case with the SEC is successful, $5 after the digital asset is re-listed on the US Stock Exchange, $7 for the XRP IPO and then able to reach $10 when partnering with banks.
However, it should be noted that there are several other factors that can affect the future of XRP, among which the class action lawsuit against XRP filed by a class of investors has caused concern.
It is well known that the Summary Judgment, which is expected to take place by the end of 2023, could have a major impact on the future of XRP as the crypto exchange may reevaluate its decision to delist the digital asset.
As of this writing, XRP price has slipped by 1.79% to $0.45 in the last 24 hours with a market cap of $24 billion further down 1.20% over the past week.
