XRP Price Predictions to Watch as ripple v.2 SEC Case Continues
TL;DR
- Analysts are predicting targets ranging from $1.88 to $2.50, and some models are predicting the next 300 days of XRP, indicating significant price changes.
- Continuing Ripple v. The SEC lawsuit has the potential to further impact the asset’s valuation in anticipation of a positive outcome for the company.
Latest Predictions
The last few days have been very positive for Ripple’s XRP, whose price has increased by 6% weekly and is currently trading around $0.53 (according to CoinGecko data). The resurgence has caught the attention of many analysts, with some predicting new highs in the near future.
XRP Price, Source: CoinGecko
A few days ago X user Mikybull Crypto observed He evaluated XRP’s price trend and commented that “the bottom has been confirmed and is now preparing for an explosive move.” Captain Faibik also supported this thesis: adjustment The medium term target is $2.50.
Dark Defender and EGRAG CRYPTO were also on the rise in a more modest way. Old suggested XRP appears to be returning to a pattern that could eventually trigger a price rally as high as $1.88.
EGRAG CRYPTO, on the other hand, presented a Structural, Sentiment, Macro and Psychological (SSMP) model depicting the next 300 days. The formation consists of four basic stages; The first one shows significant upside potential in the $0.53-$0.58 price range.
The second phase is when XRP reaches $0.63-0.70, while the third phase ($0.75-0.85) marks the beginning of a true bull run.
Last month EGRAG CRYPTO presented two potential Ways of possible price increase of XRP in the coming months. The first scenario sees it trading in the $1.20-$1.80 range by June-July, while the second option sees a rise to an all-time high of $4 by September of this year.
Ripple v. SEC: Solution Awaited
Another mother What could positively impact the price of XRP in the short term is the potential outcome of the lengthy lawsuit between Ripple and the US Securities and Exchange Commission.
The company had three partial wins last year, making the regulator look like the underdog (according to some industry participants). Value of XRP spiked After each victory, many expect an even more significant increase in the event of a decisive victory for Ripple.
The trial is still ongoing even though it started last month uncertain when the case will be officially closed. One of those who thinks this could happen before the end of the summer is American lawyer Jeremy Hogan. Hey believes legal dispute can be resolved After a $100 million deal.
To learn more about the case, its details, and its potential impact on XRP, check out our exclusive video below:
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