ripple v. Three XRP Price Predictions to Watch in 2019 SEC Trial Starts Today
TL;DR
- XRP’s value has surged by 3% daily, outpacing other major cryptocurrencies, with many analysts setting ambitious price targets.
- The final phase of Ripple‘s legal battle with the SEC, which could significantly affect the price of the asset, begins today.
Most of the leading cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), very little-no Significant price movements in the last 24 hours. However, this is not the case with Ripple XRP, whose value increased by 3% in the same period, briefly rising to $0.56 (according to CoinGecko data).
Many analysts think this is a start mother Bull run. X user Dark Defender requested XRP is “on the verge of an important pattern, on the verge of a moment that could shape its future,” arguing that the asset should not be affected by this situation. Must be classified as a security.
The analyst offered three “Fibonacci levels” as possible price targets. The most bullish scenario sees XRP trading as high as $20 in the near future.
EGRAG CRYPTO also argued that XRP’s consolidation zone has become a supply zone. “The double bottom pattern gives us a strong bullish signal and I am extremely confident that the uptrend will start soon,” they added.
user x It has been recommended The XRP army is expected to “hold steady” as a possible price “ignition” is about to begin.
Another analyst who shares optimism is Mikybull Crypto. Merchant thinks That XRP is currently at a level that will “start an explosive rally.”
Ripple v. SEC Trial
One of the important factors that could trigger the XRP bull run is the resolution of the legal dispute between Ripple and the United States Securities and Exchange Commission (SEC). The case enters its final stage with the hearing planned for today (April 23).
Earlier this year, America’s securities regulator demanded a $2 billion fine against Ripple for alleged XRP sales violations. Like CryptoPotato reported Earlier today, the company released some information important Reasons why the penalty should not exceed $10 million.
For those who want to learn more about the litigation between entities and its impact on the XRP price, feel free to check out our exclusive video below:
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