Ripple Price Prediction (XRP/USD) – The price found resistance at $0.55, but a positive demand result in December may push the price to $1.
With a rise of 35% in the last seven days, the market capitalization of the XRP increased by nearly $6 billion, from $17 billion to $23 billion. Ripple reached a high of $0.55, which is a major resistance and the lowest price of January 2022.
Finbold’s site predicted the current surge in a September 21 article: “ The token price has recovered from the most recent drop and is currently trading favorably. If the bulls manage to clear the resistance around $0.4215, XRP could target highs of $0.48 soon. »
Ripple – SEC case, what impact?
Mid-December is the expected period for the end of the Ripple deal in the United States. James K. Filan, the defense attorney states that on September 18, Ripple Labs filed a motion for summary judgment.
In the legal process known as summary judgment, the court, instead of ordering a court case, makes a final decision based on the evidence presented. By mid-December, it should be decided whether or not XRP is a security.
The excitement surrounding this development could boost investor sentiment towards XRP’s long-term prospects. In fact, the community believes that Ripple will win this court case.
According to cryptocurrency trading specialist Michel van de Poppe, cryptocurrencies like XRP may soon see a new breakthrough.
In fact, if Bitcoin stabilizes around $20,000, altcoin news could push its price higher. Now that the Ethereum Merge has passed, Ripple and its infamous lawsuit are regaining the attention of investors.