Ripple’s XRP rises 20% as crypto world looks to beat SEC in landmark court case. this article will provide you with XRP lawsuit price prediction and current xrp price changes.
XRP Maintains Bullish Momentum
At press time, the XRP token was trading at $0.43 after a 2.12% price spike in the last 24 hours. The digital asset has been on a bullish trend for some time, rising 19.6% in the last week and 12.5% in the last 30 days.
The price rise of the Ripple asset has been relatively good in terms of its technical performance. The asset’s current price is dominating the 50-day simple moving average (SMA) indicator by $0.38 in the near term.
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Xrp price prediction after lawsuit
The lawsuit against Ripple has significantly hindered the price spike during this bull market.
Although the SEC does not consider bitcoin, which has similar characteristics to XRP, to be a security, the SEC continues to take severe measures against Ripple Labs, Inc.
xrp price prediction
How much is Ripple worth?
- Today’s XRP price is $0.383355
- 24 hour trading volume is $1,420,517,163
- XRP has risen 2.37% in the last 24 hours
- Current CoinMarketCap Rank #6
- Real-time market cap is $19,532,265,255
- It has a circulating supply of 50,950,912,949 XRP coins and a maximum
- Supply of 100,000,000,000 XRP tokens
What factors affect the XRP price?
Many factors can affect the value of cryptocurrencies, including regulatory crackdowns and comments from prominent figures such as Elon Musk.
But for the most part, the deciding factor will be the ruling in the SEC’s lawsuit against XRP parent company Ripple Labs Inc.
“Given that XRP has maintained its position in the top 10 cryptocurrencies, even with the ongoing legal battle – a victory could help push the market back to bullish overnight.”
“Traders should also be cautious as XRP is also only being pushed higher due to speculation about future price increases rather than potential use cases.”
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