Wells Fargo believes that within the next 4–7 months the price of Ripple can reach $500

The founder of Deaton Law Firm, John Deaton, considers the expectations of the crypto community about the slow growth of the XRP rate to be too high. The lawyer responded to a message from a user under the pseudonym Moon Lambo, who wrote that he “really not feeling the emotional pain that some of you out there are displaying on social media.” According to his calculations, since the beginning of 2023, the price of the crypto coin has increased by 85%.

At the same time, BTC and ETH prices rose by 72% and 52%, respectively. But the S&P 500 index increased by only 17%.

According to Deaton, he never believed that the Ripple-SEC litigation decision would push XRP to new all-time highs.

“It’s all about expectations. Until we enter a full bull market led by Bitcoin, I will never believe that XRP will reach ATH, even after a positive decision [in the case against the SEC]. […] Until the first cryptocurrency hits its maximum, I do not expect anything more,” the lawyer explained.

And Shannon Thorpe from Wells Fargo voiced her XRP price prediction. The analyst believes that within the next 4–7 months the price of the crypto coin may be in the range of $100-$500. If Thorpe’s prediction comes true, XRP will bring its owners up to 71,400% profit.

According to the analyst, if in the short term the cost of the Ripple token is $100-$500, then the total supply will reach 50 billion, and the capitalization of the cryptocurrency could grow to $25 trillion. This will help the XRP rate rise and save a single investor from having to own a large number of coins.