$XRP Price Could Skyrocket to $30 in Short Term, Says Fund Manager

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The native token of the XRP Ledger, $XRP, could see a significant price increase to potentially reach a bullish target of $30 in the short term, according to the founder and manager of Kralow Capital Thomas Kralow, who recently revealed his bullish prediction.

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Kralow’s words come at a time in which a major player in the XRP space, Ripple, is locked in a legal battle with the U.S. Securities and Exchange Commission (SEC), with the regulator accusing the fintech firm of selling XRP as an unregistered security.

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The fund manager suggested that Ripple’s advances in the case could further fuel speculation and drive XRP’s price higher in the coming three to four months. He pointed to a surge of interest among cryptocurrency market participants, highlighted by Google Trends data showing XRP searches growing.

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Within the next three to four months, Kralow sees potential for XRP’s price to hit anywhere between $10 and $30, fueled by the immense speculative narratives surrounding Ripple.

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The prediction is in line with that of other analysts, including a popular crypto market commentator recently revealing an ambitious XRP price prediction of $10 per token, based on several key events that could trigger rises for the cryptocurrency.

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Per his words, the settlement of the ongoing legal battle could see XRP rise to $3.5, while a relisting on cryptocurrency exchanges that delisted the token could lead to $5.

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He speculated that an initial public offering (IPO) from Ripple might push the price to $7, with strategic partnerships with banking institutions possibly elevating it to $10.

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Similarly, Kralow noted that XRP’s rally could be boosted by a potential Ripple IPO and a favorable outcome for the fintech firm in its battle against the SEC. As reported, large XRP holders, colloquially known as whales in the cryptocurrency space, have reportedly amassed a staggering 1.1 billion XRP, equivalent to roughly $570 million, since February.

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