Will XRP Price Ever Hit Double Digits?

XRP continues to trade in a narrow range, which illustrates an ongoing accumulation phase.

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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.

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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.

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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.

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If XRP surpasses $17, it may reach Bitcoin's market capitalization levels.

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