These 3 Important XRP Price Predictions: Ripple v. SEC Litigation Developments

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These 3 Important XRP Price Predictions: ripple v. SEC Litigation Developments


TL;DR

• The price of XRP has shown moderate fluctuations, currently at $0.51. Analysts’ predictions indicate that there will be a potential upside if it breaks the $0.57 barrier, and significant growth is expected after the major resistance at $0.67 is overcome.
• Continuing Ripple v. SEC litigation remains a significant factor in the asset’s valuation; many industry participants expect a decisive victory for the company.

XRP Rally Rates


The price of XRP has fluctuated slightly over the past few weeks, trading in a range of $0.48-$0.55. Currently, this amount is equal to $0.51 (according to CoinGecko data), with many analysts outlining ambitious targets for the near future.

XRP Price, Source: CoinGecko

Such a prediction came X user EGRAG CRYPTO stated:

“In the last 4 bars (weekly candles) the bulls and bears are fighting fiercely, so someone will win war. But in the end the bulls will prevail,” they said. envisioned.

David Watt and Crypto Tony also contributed. Old requested He said that XRP may rise to $0.56 in the coming days, the latter thinks The real bull run of the asset will start when it breaks this level mother The $0.67 resistance zone.

Fluctuation v. SEC Case Still Big factor


Many industry participants believe in XRPValuation will begin once a final agreement is reached between Ripple and the US Securities and Exchange Commission (SEC). The parties, who have been facing each other on the legal front for three and a half years, have recently entered the trial phase.

Both parties were required to provide necessary documents such as letters and petitions, and right now to wait judge’s decision.

To some, the SEC is the underdog for the following reasons: the three partial wins Ripple achieved US judge Sarah Netburn oversaw the case last year. years ago that showed A very positive stance towards XRP, to dispute It has a utility that “distinguishes it from Bitcoin and Ether.”

Those who are willing to dive a lot Deeper To learn about the details of the case and its potential impact on the price of Ripple’s native token, feel free to check out our exclusive video below:


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