Ripple’s SEC case is nearing its conclusion. Ripple continues to contest the SEC’s intent of $2 billion in penalties. This legal battle, which has been going for over two years, is a major factor in the price of XRP compared to that of other crypto-tokens.
XRP, which was deemed a victim to skepticism by many as other crypto tokens surpassed XRP’s price movement and pace in comparison with XRP. The price of XRP dropped dramatically due to unheard-of interventions.
The SEC and Ripple battle is about to end. With Ripple winning in most areas, this development could soon propel XRP’s price up, reversing years of slow momentum.
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Uncertainty plays out as XRP drops to $0.50
Uncertainty about the court case is now impacting XRP. It has fallen 2% over the past 24 hours. The token has now dropped to $0.50 in line with the recent developments.
Court still hasn’t predicted the end of SEC vs. Ripple, which drives XRP to new heights in price uncertainty. Amelie is a prominent XRP supporter who believes that if Ripple receives the $10 million payment, the chaos in the courts will officially end. It may push the token up to new price benchmarks. This could be enough to take over other altcoins.
Predictions for XRP prices in May
Ripple has been awash in legal turmoil and confusion, so the month of may can bring great rewards for tokens. If you want to know more about Ripple, click here. CoinCodexThe coin is predicted to reach $0.61 in the next few months, a rise of nearly 18%.
“The price of XRP is predicted to rise by 18.87% and reach $0.616084 by May 28, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 65 (greed). XRP recorded 13/30 (43%) green days with 8.51% price volatility over the last 30 days.”
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If the Ripple-SEC lawsuit is successfully resolved, then the price can quickly rise, and the asset will reach $1.
“A pivotal moment will be the breach of the $1 mark. Surpassing this level could substantially increase the probability of the price reaching the $2.23 potential high. Conversely, if the bearish trend persists and the price falls below $1.60, it may signal a prolonged breakdown phase.” Coinpedia Later, it was added.
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Source: watcher.guru
