The recent crypto crash was a harsh one for most cryptocurrencies. All have fallen by an average of 20% since last week, except for a few. XRP was supposed to have a great month in November 2022, as its lawsuit findings were probably about to turn positive. However, the FTX crash made XRP lose more than 25%. From a technical perspective, XRP was bound for an adjustment. Will XRP price increase soon? Is this the last chance to buy XRP below 40 cents? Let’s assess in this XRP prediction article.
XRP SEC lawsuit Updates: What’s New?
In the past year, many companies filed an amicus curiae in favor of Ripple. This means that they vow that Ripple did not do anything wrong while providing proof and solid pieces of evidence. In a previous article, we listed the last 2 companies that did this: I-Remit Inc. and TapJets Inc.
Today, Coinbase joins the list of companies supporting Ripple. Coinbase requests that the judge reject the SEC’s motion for summary judgment and submits a brief in support of Ripple Labs in the XRP lawsuit. This is a positive advancement in the lawsuit, as Coinbase is a big US company that is fully compliant.
Will Ripple settle with the SEC?
So far, everything that is being shared on social media regarding the settlement is a rumor. There is no evidence that Ripple wants to settle. This is especially true seeing that the developments are going in a positive way. Why would someone settle when their case is going in their favor?
Neither Ripple nor even its CEO, Brad Garlinghouse, has provided an official announcement regarding any settlement yet.
XRP Prediction: Will XRP price go up soon?
In figure 1 below, we can see how the XRP price formed a head and shoulders formation. A harsh adjustment was inevitable. The FTX crash made this crash harsher, with prices falling from around 50 cents to the strong support of 30 cents. The latter was definitely a good buy area, as prices rebounded to the current price of 37 cents.
Following this drop, XRP is expected to rise again towards the 40 cents, which represents an important area for XRP. If this level is breached higher, we can expect prices to continue to the second target of 50 cents. XRP prices were there just last week, and a crypto market recovery would speed XRP’s prices.
Are you looking for a chart analysis tool that doesn’t distract you with community messages and other noise? Check out GoCharting! This is an easy-to-use online charting tool that requires no downloads or prior knowledge.
Click here to get a 10% discount on your first payment (monthly or yearly)!
CLICK THIS LINK TO TRADE XRP AT BITFINEX!
- Can Shiba Inu Price Reach 10 Cents?
- LAST CHANCE to Buy XRP below 50 cents…Here’s Why!
- Conservative Prediction: Can XRP reach $5 in 2023?
- Renewed HOPE? Buy Ripple XRP while you still Can!
- XRP relisted, Ripple CEO optimistic about the Lawsuit…BUY XRP in 2023?
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- XRP Prediction: Why XRP Price might EXPLODE in November 2022?
- The Big Ripple Price Prediction for 2023 – How high can the XRP price go in 2023?
- Ripple (XRP) News Ticker – CryptoTicker
- XRP reached a CRITICAL Price! Will XRP Crash to 20 cents?
- Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023?
- XRP Prediction: Will XRP Price go UP after the FTX Crash?
- BIG XRP Price COMEBACK, Up 40% in 2 days – Is it safe to own XRP again?
- Analysts are LOVING XRP Gains! Will XRP price reach 1$ soon?
- You might want to Sell XRP before it slips LOWER, Here’s Why!
- Ripple Price Prediction before 2023: More Consolidation on the way?
- Big News: Ripple Price is about to TRIPLE? This News Confirms…
- Ripple Lawsuit News: When will Ripple settle the SEC Lawsuit?
- Ripple Price crashes below 40 cents again! Opportunity to Buy XRP?
- XRP Price is about to BOOM if the crypto market recovers! Buy $XRP?
- Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
You might also like
More from Altcoin
What is Cardano VOLTAIRE? Will this Update drive ADA to 1$?
Voltaire is the final development phase for Cardano. What is Cardano Voltaire? Can Voltaire be the final step to trump …
This Meme Coin PUMPED 50% in the past 24 hours…Will it continue to Grow? The Next Shib?
This article is all about the Shikoku Inu and how high can the Shikoku coin go. Let's take a look …