As Ripple-SEC Litigation Continues, What Way Are XRP Price Expectations?
The litigation process continues between Ripple and the US Securities and Exchange Commission. XRP price is above significant levels.
Ripple (XRP), which is the seventh largest crypto currency in terms of market volume, has experienced a noticeable increase. XRP price has surged more than 10% from $ 1.37 to $ 1.55 in the past 24 hours.
↘️Ripple Price Latest Status
On April 14, Ripple rose to $ 1.9 for the first time since 2018, making its investors smile. However, with the large correction in the entire market, the price of XRP also fell to $ 0.88.
It can be stated that XRP, which was traded at $ 1.51 as of the time the article was written, has drawn a volatile picture in about 1 month.
In addition, XRP had risen to the 4th largest cryptocurrency in terms of market capitalization during the uptrend to $ 1.96. However, the price performances of different cryptocurrencies afterwards caused XRP to decline to the seventh place. XRP is currently on the list with a market value of approximately $ 53.2 billion.
↘️Ripple And SEC Voltage
In fact, in the bull run in 2021, XRP would have already been expected to break the old record of $ 3.84. However, the XRP price did not perform as expected due to the US Securities and Exchange Commission's lawsuit against Ripple in December.
After the lawsuit was opened, the price fell to $ 0.17 as crypto exchanges stopped XRP transactions. However, looking at the overall outlook, it is stated that XRP is still strong.
At this point , it should be noted that the decisions in favor of Ripple play an important role in the litigation process on the XRP price .
↘️XRP Key Levels
Although the litigation process is an important main factor, analysts consider price to be important in technical analysis. According to the statements made , it is thought that $ 1.50 at current prices is an important level in the short term and XRP is a point to protect.
A move below $ 1.50 could cause the $ 1.3 levels to reappear. However, a strong breakout of XRP above $ 1.50 could first test the key $ 1.8 and then see $ 2.