XRP is currently trading around $0.52, with some analysts suggesting potential increases to $5.85, $18.22, and even as high as $100, although such extreme targets are considered unlikely.

The ongoing legal battle between Ripple and the SEC has a significant impact on XRP's price, with the outcome of the lawsuit influencing market sentiment. Ripple's partial victories in court have fueled optimism for a potential bull market.

Despite a brief surge above $0.70 in mid-March, XRP has not emerged as one of the top-performing cryptocurrencies this year. Currently, it trades around $0.52, showing only a slight increase compared to a month ago.

Several analysts believe that XRP has the potential to break out of its current price range and reach ambitious targets. For instance, one analyst predicts a rise to $5.85 and later to $18.22 based on Elliott Wave structure analysis. Another analyst even suggests a target of $100.

However, these predictions are overshadowed by a much more bullish forecast made in 2023, envisioning XRP reaching $470 in the future. Such a scenario seems improbable given the current market capitalization of the crypto industry, which stands at around $2.5 trillion.

The ongoing lawsuit between Ripple and the SEC is seen as a key driver of XRP's price movements. The legal battle, which began in December 2020, has recently entered the trial phase. Ripple has secured three partial court wins, leading some to view the SEC as the underdog in the case.

According to legal expert Jeremy Hogan, both parties are awaiting the judge's ruling, which could have significant implications for XRP's future. A favorable outcome for Ripple may trigger a bull run for XRP, while an unfavorable ruling could hinder its upward trajectory, as seen in December 2020 when the SEC first targeted the company.