Will XRP Price Ever Hit Double Digits?
XRP continues to trade in a narrow range, which illustrates an ongoing accumulation phase.
Proponents believe that the price of XRP will break above consolidation soon and reach price levels between $7 and $17 after the Ripple vs SEC lawsuit is settled.
NerdNationUnbox on Twitter thinks that burning half of Ripple's escrow tokens might be part of the Ripple vs SEC lawsuit settlement, but it's hypothetical and improbable.
The SEC may demand the burning of half of the escrow reserve as part of the settlement, leading to a surge in the XRP price beyond $7.4.
If XRP surpasses $17, it may reach Bitcoin's market capitalization levels.