Popular analyst expects an “Uptober” for XRP, driven by possible resolution of Ripple’s lawsuit against the SEC and increased adoption.
- EGRAG CRYPTO predicts that XRP could reach a new all-time high of $13 in the coming months, although this is unlikely.
- October is traditionally a bullish month for the cryptocurrency market.
- Analyst JackTheRippler believes that the end of the lawsuit and mass adoption of XRP in the US could help the price rise.
- Judge Torres rules that XRP sales on secondary markets are not securities transactions, but Ripple must pay a fine of $125 million.
- The SEC may appeal before October 6, but the analyst believes this will not happen.
- Tokenization on the XRP Ledger (XRPL) is expected to begin, and support from leading banking institutions.
The forecasts remain speculative, and investors should exercise caution.