Ripple XRP has been fighting against the SEC in an ongoing lawsuit filed by the SEC. However, the lawsuit is still dragging on with no proper end date. Due to this critical decision, the price of XRP has experienced a market crash.
Compared to other altcoins, the price of Ripple is not that high. XRP is trading at $0.5368 and has increased by 0.4% in value in the last 24 hours. XRP has increased by 4% in the last 7 days and has decreased by 10% in the last 30 days. This is our price prediction for Ripple XRP this week.
XRP Price Prediction for This Week
Changelly’s cryptocurrency experts have given a price prediction for Ripple XRP this week. Analysts say that XRP is unlikely to touch the $1 level this week. Analysts expect XRP to reach a minimum of $0.56 and a maximum of $0.71.
When a US judge declared XRP was not a security, the price of XRP reached as high as $0.8875. It boosted the price of Ripple, and some exchanges relisted XRP. However, the price has since plummeted. The entire cryptocurrency market also appears to be losing money compared to Ripple's performance.
As we all know, XRP has significantly underperformed the broader cryptocurrency market as the SEC’s lawsuit against Ripple has clouded its regulatory status.
However, Ripple scored a series of legal victories last year that moved the case further in its favor and rekindled hopes of a settlement.With certainty returning to XRP’s outlook, technical corrections now suggest traders may be buying back into the high-flying but controversial asset.
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