XRP price could rally by 50% based off comments from a former SEC director
XRP investors are hopeful that a potential court victory against the SEC could send the altcoin price at least 50% higher. XRP is hoping that the token could see a massive price rally in 2022 based off the fingers-crossed assumption that Ripple will win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC).
Hinman documents to save XRP bulls?
On Sept. 29, the district court judge in the case, Judge Analisa Torres, ordered the commission to release the documents penned by William Hinman, the former director of the corporation finance division at the SEC. Hinman may have written about Ether (ETH), the native token of the Ethereum blockchain, not being a security in the concealed documents, believes Ripple. That is primarily because Hinman had proclaimed the same in his speech at the Yahoo Finance All Markets Summit in June 2018.
Ripple's defense could use Hinman's writing as evidence that its blockchain's native token, XRP, should not be treated as a security, which is the opposite of what the SEC claimed in the lawsuit filed in December 2020.
XRP has since been ousted from many regulated crypto exchanges, including Coinbase and Bitstamp. As a result, it is now among the only top cryptocurrencies that have neither reclaimed nor established a record high during the 2020–2021 crypto market boom, reflecting caution from investors. Some might argue, that from the vantage point of technical analysis, XRP price remains undervalued compared to other top-ranking cryptocurrencies. And a Ripple win might change that, given the token rallied 20% in a day after Judge Torres's order.
Resistance and confluence
From a technical standpoint, XRP is one breakout away from posting a 50% price rally. Notably, the token now tests a resistance confluence of one multi-year descending trendline resistance, a flipped support bar and a Fibonacci line — all pivoting near $0.57. A Ripple win could help XRP break decisively above this confluence. Such a breakout could have XRP eye a run-up toward the next Fib line near $0.72, up over 50% from Oct. 's price. Conversely, a pullback could crash XRP to its previous support level of $0.31, down 35% from the current price levels.
"$XRP is basically a court case play," noted independent market analyst DonAlt, adding: "If they win the whole case $XRP giga pumps. if they lose it’ll be a nice -50% candle. Also, an $XRP loss would make other cryptos more vulnerable to attack, so you better cheer them on."
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 77.2% | 36 | $63 695.19 | 2.82% | -1.11% | $1 258 886 036 021 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 42 | $2 490.20 | 3.09% | -5.37% | $299 768 639 188 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999956 | 0.01% | -0.03% | $119 672 108 517 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.8% | 42 | $576.62 | 2.52% | -0.86% | $84 147 001 130 |  |
|
| 5 |  SOL |
Solana predictions | 72.4% | 50 | $149.24 | 4.35% | -4.81% | $70 016 302 319 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000073 | 0.01% | -0.01% | $35 552 901 177 |  |
|
| 7 |  XRP |
XRP predictions | 73.6% | 44 | $0.542179 | 2.14% | -15.98% | $30 667 831 082 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 82% | 34 | $0.114329 | 5.35% | -6.62% | $16 722 194 573 |  |
|
| 9 |  TON |
Toncoin predictions | 79.6% | 31 | $5.35 | 3.07% | -7.82% | $13 576 178 433 |  |
|
| 10 |  TRX |
TRON predictions | 91.2% | 1 | $0.154459 | 0.75% | -0.38% | $13 373 452 976 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 40 | $0.363459 | 3.98% | -6.77% | $12 706 925 740 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $27.49 | 5.80% | -3.86% | $11 173 802 384 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 54% | 94 | $0.000019 | 7.36% | -0.85% | $10 924 438 804 |  |
|
| 14 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 94.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
