A lot of positivity has been going on in the Ripple community. Other than the highly anticipated Ethereum merge, Ripple has been battling its own battles with the SEC. The resolution with the SEC however seems positive, and the XRP token is looking bullish by the day. Is it a good idea to buy XRP in September in anticipation of higher prices? Is XRP a good buy still? Let’s analyze in this XRP price prediction and see what’s new with the Ripple SEC case.
What is Ripple (XRP)?
Ripple is a project that allows users to quickly and reliably transmit, receive, retain, and move money across borders. Our existing method is cumbersome, costly, and dependent on banks and payment gateways. The Ripple firm can complete transactions from anywhere in the globe in 3 to 5 seconds. Indeed, it moves far more quickly than Ethereum and Bitcoin do!
Ripple SEC Update: What’s new with Ripple Lawsuit?
It seems that the proof against Ripple will surface shortly. The date should be around Q4 2022 because the deadline for submitting oppositions to motions for summary is on or around October 18, 2022. Responses from the opposition must be delivered by November 15, 2022, at the latest. This suggests that we will be able to identify who obviously has the advantage in winning the case in the near future.
The XRP token, which is anticipated to jump right away once the news breaks, would surely gain from a victory for Ripple, according to some analysts. Clearly, this will help people again believe in Ripple. If the case was unsuccessful, XRP would be considered as a security in the US.
Ripple Price Prediction – Will XRP reach 1$ after the MERGE?
Last week, the crypto market closed positively, gaining an average of 8% in the last 7 days. Most crypto prices are back up, with Bitcoin surpassing $22,000 while Ethereum also surpassing its price of $1,700. XRP on the other hand reached a price of $0.35, which is right below its psychological price of 40 cents.
If the market continues on a positive note, XRP should be able to surpass $0.40 as a first step. Positive reinforcements from the SEC case would surely hype Ripple as a crypto project, sending XRP prices higher closer to 1$. In fact, we’ve seen such opposite price actions back when the lawsuit was announced. Now that there might be a resolution, XRP should rebound back higher to those previous levels.
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