According to CryptoPotato, XRP closed at $0.61 at the end of the first quarter, with future forecast price fluctuations ranging from a rise of 20% to a drop of almost 30%. Asset prices may be affected by the upcoming Bitcoin halving and the outcome of Ripple’s lawsuit with the U.S. Securities and Exchange Commission (SEC). Ripple’s XRP price experienced severe volatility in the first quarter of the year, eventually returning to its starting point of $0.61.
Well-known X user EGRAG CRYPTO predicts two possible scenarios over the next few months: a rise in price above $0.75 or a fall below $0.44. The expert believes that XRP’s “path” to new all-time highs over $10 is “clear,” but advises investors to cash out some of their profits if “necessary.” EGRAG CRYPTO SAYS: "Our path is clear, but remember to secure profits along the way if you need to, because I will."
Previously, the analyst claimed that XRP was poised for a bull run as it closed above the 21-day exponential moving average (EMA) for more than six months. Key factors that could fuel XRP gains in the near term include the upcoming Bitcoin halving (expected at the end of April) and developments in the lawsuit between Ripple and the SEC. Note that a trial between the two is scheduled for April 23. Ripple now has the upper hand after scoring three partial court victories last year. A decisive victory for Ripple could push XRP prices higher, while conversely, it could hinder industry progress and lead to the imposition of strict regulations.
