According to CryptoPotato, Ripple's XRP ended the first quarter of 2022 at $0.61, with future predictions varying between a potential rise by 20% and a fall of nearly 30%. The price of the asset may be influenced by the upcoming Bitcoin halving and the outcome of the Ripple vs. SEC lawsuit. XRP experienced severe turbulence throughout the first quarter, eventually finishing at the same level where it started – $0.61. A popular user, EGRAG CRYPTO, predicted two possible scenarios for the following months: a surge above $0.75 or a dip under $0.44. The expert believes the path to a new all-time high of over $10 is clear but advised investors to cash out some of their profits if in need.
EGRAG CRYPTO previously claimed that XRP was poised for a bull run due to closing more than six monthly candles above the 21 Exponential Moving Average (EMA). Key factors that might fuel an XRP rally in the near future include the upcoming Bitcoin halving, scheduled for the end of April, and developments on the Ripple vs. SEC front. The trial between the two entities is set for April 23. Ripple currently has the upper hand after securing three partial court victories last year. A decisive win for Ripple might propel an XRP price increase, whereas the opposite scenario could hamper the industry's progress and result in the implementation of stringent rules.