The Date Has Come, Ripple Case is Nearing the End: What Will the XRP Price Be?

$XRP has been trading in a narrow range for a while and is currently stuck between the $2.53 resistance level and the $2.33 support level. The golden intersection that occurred at the beginning of January is interpreted as a promising signal for an upward movement. However, the fact that large investors, namely whales, refrain from accumulating will limit this potential.

The Chaikin Money Flow (CMF) indicator remains positive and shows that the market is still under buyer pressure. The recent slight decrease in CMF may indicate that market momentum is decreasing. If the #XRP price loses the $2.33 support, a decline towards the $2.13 level may occur. On the other hand, if the resistance level of $2.53 is exceeded, the price is likely to rise to $2.72.

The ongoing lawsuit between Ripple and the SEC is being closely followed in the crypto market. In particular, the inauguration of the Trump administration is seen as an important opportunity for Ripple. The appointment of Paul Atkins as SEC chairman will also affect Ripple's future. #Ripple CEO Brad Garlinghouse has openly expressed his intention to cooperate with the new SEC administration. This statement is perceived as a positive message by the market.

Jeremy Hogan, one of the lawyers who closely follows the case, shared his views on the possible resolution date. According to him, the most likely date seems to be April or May. If the case is concluded in Ripple's favor, regulatory uncertainty for XRP will be eliminated. This will allow the price to rise rapidly.

If the case process is concluded in Ripple's favor, it is also possible for XRP to receive an ETF approval. This will increase the interest of both institutional and individual investors in XRP. Market experts predict that such a development could push the XRP price above the $ 10 level.