In recent weeks, the XRP coin has benefited from positive news about the publisher Ripple. The increases in the altcoin run of the last few days have been rather moderate. However, XRP may be the most exciting opportunity in the crypto market right now. Will we soon see a $2 XRP price?
How has the Ripple price moved in the last few weeks?
XRP Price: XRP/USD Weekly chart showing the price – GoCharting
In general, the price of XRP has risen dramatically in recent weeks. In mid-March, the price remained at 0.37 dollars. The price increased dramatically at the end of the month, reaching $0.57.
Following a brief drop to $0.49, the price was able to re-establish itself above $0.50. In the last two weeks, we’ve seen the price move sideways with a slight increase. Altcoins have risen in value in recent days. The XRP increase was less significant.
Why could the Ripple price explode in the coming weeks?
Despite the recent sideways movement, the XRP price could rise sharply again in the coming weeks. Because the closer the decision in Ripple’s legal dispute with the US Securities and Exchange Commission gets, the more XRP supporters become excited. Because acquittal could destabilize the XRP price.
However, there is always the possibility that the price could fail if a guilty verdict is returned. As a result, we must assume that investing in the XRP coin at the moment is highly speculative.
How high can XRP Price go?
With more positive news about the legal dispute, an XRP price of one dollar is possible. The XRP coin may reach this level in the coming weeks as a result of the rising market in general and positive signals for Ripple in particular.
If the Ripple legal dispute is resolved favorably this summer, a rise to $2 is undoubtedly possible. This brand appears to be very optimistic in advance. Nonetheless, the XRP could benefit greatly from the anticipation of a forthcoming verdict. It’s difficult to say how things will go after the verdict.
The following speculative points are purely based on the Ripple vs SEC case and should be viewed as hypothetical scenarios, not predictions.