Ripple has just announced that it will drop its cross-appeal against the SEC, signaling the end of a years-long legal siege.<\/p>\n
CEO Brad Garlinghouse declared: \u201cWe\u2019re closing this chapter once and for all.\u201d With the SEC expected to reciprocate, XRP surged<\/a> by 5% at one point to $2.2.<\/p>\n But beneath the modest green candle lies a tidal wave of speculation. The question everyone\u2019s whispering, tweeting, and meme-posting about: Could XRP really hit $10,000?<\/p>\n There have been more modest predictions, such as those of social media personality Jake Gagain, who recently calculated<\/a> that a 50x surge, as touted by Carl Moon, would catapult XRP to $106.50.<\/p>\n Influencers like Lucy Bear have called such projections \u201cconservative,\u201d with Casi Trades boldly stating:<\/p>\n \u201cIf you think XRP can\u2019t reach double digits, you don\u2019t understand crypto!\u201d<\/p>\n What about the $10,000 promised land? If the XRP Army is to be believed, this number isn\u2019t plucked from some random crypto casino. Apparently, it traces back to elusive Ripple co-founder and XRPL architect Arthur Britto, who is said to have envisioned<\/a> a future where XRP would serve as the global liquidity backbone for all payments.<\/p>\n According to enthusiasts, Britto believed<\/a> that for XRP to fulfil its destiny, it would need to hit a staggering $10,000 per token. And while many have scoffed at such moonshot valuations, diehards seem to be doubling down.<\/p>\n In a recent episode<\/a> of The Rollup podcast, former NEAR engineer Altan Tutar described the XRP fraternity\u2019s $10,000 conviction as almost religious, saying, \u201cI\u2019ve never seen anything like this in any other community.\u201d<\/p>\n While not directly adding his name to the believers\u2019 list, Tutar acknowledged the rationale behind the conviction, comparing XRP\u2019s potential rise to Bitcoin\u2019s own journey to an all-time high price of $111,814.<\/p>\n \u201cIf Bitcoin went to $100K, then why not XRP to $10,000?\u201d he asked.<\/p>\n A $10,000 XRP price implies a market cap of $590 trillion, dwarfing the entire global economy. Even Gagain\u2019s $106 price means a $6.28 trillion valuation, more than double Bitcoin\u2019s peak market cap.<\/p>\n It\u2019s probably why Rollup host Andy bluntly dismissed $10,000 as pure fantasy, stating, \u201cXRP is not going to $10,000\u2026 $10 is already a stretch.\u201d<\/p>\n The post Ripple\u2019s Legal Fight Nears End: Is the $10K XRP Dream Possible?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple has just announced that it will drop its cross-appeal against the SEC, signaling the end of a years-long legal siege. CEO Brad Garlinghouse declared: \u201cWe\u2019re closing this chapter once and for all.\u201d With the SEC expected to reciprocate, XRP surged by 5% at one point to $2.2. But beneath the modest green candle lies […]<\/p>\n","protected":false},"author":0,"featured_media":76903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76902"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76902"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/76903"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The $10K Obsession<\/h2>\n
But Here\u2019s the Reality Check<\/h2>\n