There have been some developments regarding the price and market movements of XRP in the last week. The price of XRP has recently increased by 0.60% and is currently trading around $0.506. We can say that these price movements somewhat offset the 4.51% downward trend experienced in the last week.
On the one hand, the overall market cap of XRP is pegged at around $28 billion, and #Ripple continues to do business in the global payments space by collaborating with banks around the world. On the other hand, let's not forget that the total supply of XRP is limited to 100 billion $XRP and there are currently approximately 55.36 billion #XRP in circulation.
Although it is difficult for me to make a clear prediction about how the price of XRP will follow in the coming period, I think the results of the legal process between Ripple and #SEC will be decisive in this regard. Ripple has a price chart that has been volatile at times due to various stages of the ongoing case with the SEC. The outcome of this case could have a significant impact on the long-term valuation of XRP.