One fund manager has predicted that the price of $XRP might reach $30 in the near future


Thomas Kralow, founder and manager of Kralow Capital, has made an optimistic forecast that the native token of the XRP Ledger, $XRP, might experience a big price gain, perhaps reaching a bullish objective of $30 in the immediate future.

The comments by Kralow come at a time when Ripple, a significant participant in the XRP area, is in the midst of a legal fight with the U.S. Securities and Exchange Commission (SEC) on allegations that it sold XRP as unregistered securities.

According to the portfolio manager, XRP’s price might increase by as much as 40% in the next three to four months if Ripple is successful in the lawsuit. He cited rising Google Trends for “XRP” as evidence of the increased interest in the cryptocurrency sector.

Kralow predicts that during the next three to four months, XRP’s price might reach anywhere from $10 to $30 because of the massive speculative narratives around Ripple.

Several significant events might spark gains for the cryptocurrency, and this forecast is consistent with those of other experts, including a famous crypto market pundit who recently revealed an ambitious XRP price estimate of $10 per token.

According to him, XRP might go up to $3.5 if the current legal dispute is resolved, and to $5 if it is relisted on cryptocurrency exchanges that previously delisted the asset.

He predicted that the price would rise to $7 if Ripple went public and may reach $10 with the help of smart relationships with financial institutions.

Kralow agreed, saying that a successful resolution for the fintech company in its fight against the SEC and the possibility of an initial public offering (IPO) would be positive for XRP. 1.1 billion XRP, or around $570 million at the time of writing, have apparently been acquired by significant XRP holders, sometimes known as whales in the cryptocurrency sector, since February.

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