Analysts Predict XRP Rally to $1.50 with Key Breakout Points at $0.75
Ripple’s XRP has shown volatility lately, with prices fluctuating between $0.51 and $0.54 in the past week. However, the price has surged by 4% over the last 14 days, and many analysts anticipate further upward momentum in the near future.
- The XRP price chart indicates alignment with previous expectations and Fib levels
- Expectations that XRP could reach $1.20-$1.50, with breakout level at $0.70-$0.75
- EGRAG CRYPTO predicts XRP could see a “MEGA RUN” towards double digits
- JAVON MARKS notes a potential “hidden bull divergence” could lead to significant price growth
- RSI currently at 44, suggesting potential for further price movement
- Ripple secured three partial court victories last year, leading to price increases in XRP
- Speculation that a decisive victory for Ripple could trigger another major price rally
The Ripple v. SEC Lawsuit Impact on XRP
The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) could have a significant impact on XRP’s value. The legal battle began in December 2020 when the SEC accused Ripple of conducting an illegal securities offering through XRP.
Sources
For more information on the Ripple v. SEC lawsuit and XRP valuation, you can refer to the sources below:
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