๐ฅ๐ฅ๐ฅ XRP could reach $17 by 2025 per analyst, SEC vs. Ripple lawsuit ruling awaited: ๐ฑ๐ฑ๐ฑ๐ฑ๐ฑ๐ฑ๐ฑ๐ฑ๐ฑ๐ฑ
๐ โข Ripple could see the end of its lawsuit with the Securities and Exchange Commission soon, per recent reports.
โข An analyst predicts XRP rally to $17 through the Bent Fork chart, a bullish thesis for the altcoin.
โข XRP traders at $0.44 on Wednesday, adding nearly 2% value on the day.
โ๏ธ Ripple (XRP) traders are awaiting the final ruling in the US Securities and Exchange Commission (SEC) lawsuit against the payment remittance firm. A pro-crypto attorney, Fred Rispoli, informed market participants that a ruling is likely by July 31 2024, through a tweet on X.ย
XRP traders are awaiting the ruling, a key market mover for the altcoin, in July 2024.ย
Additionally, a crypto analyst behind the X handle @egragcrypto has analyzed XRP price trend and set a $17 target for 2025. While XRP trades at $0.44 on Wednesday, July 10, the analyst presents a Bent Fork chart as a thesis backing his prediction for the altcoin.
๐ข Daily digest market movers: Ripple traders await ruling in lawsuit, RLUSD launch
The SEC alleges that Ripple sold unregistered securities (XRP tokens) to institutional investors and asked the court for over $2 billion in penalties. In a development in May 2024, the SEC quoted $102.6 million.
Ripple filed a letter of supplemental authority, citing the Binance lawsuit, where Judge Analisa Torresโ ruling was considered as precedent. The ruling of Judge Amy Berman Jackson cemented the status of XRP as not a security in secondary market sales, meaning sales on exchange platforms.
๐ฅ๐ฅ Io Token price prediction
10. Net Token Future and Price Prediction:
10. Net token, the native cryptocurrency of the 10. Net ecosystem, has a promising future ahead.
Price Prediction:
Short-term (2024): $6 - $8
Mid-term (2025-2026): $10-$15
Long-term (2027-2030): $20-$30
Speculative (2035): $50 - $100
