XRP Price Targets For Coming Days

Following the pattern of the erratic cryptocurrency market, the price of XRP fell by 6% during the past 24 hours. XRP, which is currently selling at $0.49, has been over the 50-cent threshold for the previous three weeks. The most recent price decline, however, can be a sign of a coming negative trend. Investors eagerly anticipate the weekly close to learn whether the outlook for XRP is optimistic.

Potential Short-Term Targets for XRP

According to Yuriy_Bishko, a well-known analyst on TradingView with over 78k followers, there are two possible outcomes for the XRP price action in the Ripple lawsuit, which is anticipated to be resolved in May. On the one hand, the expert warned that the XRP price might fall to the closest significant support between $0.37 and $0.41 if Ripple is found guilty of marketing unregistered securities.

On the other hand, the expert emphasised that the underlying value of the XRP token will soar if the blockchain payment corporation is found not guilty and is treated as a commodity.

Bullish XRP Targets
The SEC vs. Ripple case goes in favour of the blockchain business, according to the analyst who identified the primary long-term aims for XRP. The expert has set $0.66 as the first goal for the price of XRP. After that, $0.80 is a crucial level, followed by $1, which the analyst said to be a significant resistance level.

Ethereum and CBDCs
In spite of the ongoing legal battles, Ripple has kept expanding into international areas with favourable crypto regulations. For instance, the Director of CBDC Product Management of Ripple and its management team participated in a CBDC whitepaper study project for the Digital Euro Association (DEA).

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