The crypto recovery is seen across most cryptocurrencies in the market. Today, XRP prices jumped by more than 10%, reaching the psychological price of 40 cents. Not only was it a matter of time, but fundamental backing helped in pushing prices higher. Where will XRP price reach? And what happened with the Ripple SEC lawsuit? All you need to know in this XRP price prediction article 😉
What happened with the Ripple SEC lawsuit?
Apparently, the case against Ripple might soon be revealed. The timeline should be around Q4 2022, as the last date to file oppositions for the motions for summary is around October 18, 2022. The replies to the opposition must be filed by November 15, 2022 latest. This means that soon after, we should be able to see who has the clearer advantage in winning the case.
Some analysts predict that a Ripple win would definitely be in favor of the XRP token, which should explode once the news surfaces. This will definitely bring trust back into Ripple. However, if the case was lost, XRP would be deemed a security in the US. Not only will Ripple have to pay a hefty penalty, but investors will lose their confidence in XRP as it will become just like a stock or a bond.
With the code CRYPTOTICKER2022 you get 50% discount in all the tickets
Berlinverse 2022 - 2 days of Web3, NFTs, Art/ Generative Art & Metaverse
Ripple Price jumped 10% – What Happened?
In a previous article, we spoke about the big opportunity to buy XRP below 40 cents. We showed how the entire cryptocurrency market was moving upwards, while XRP prices were lagging behind. This is natural for XRP, as its prices tend to always lagin comparison with the crypto market.
Today, XRP prices soared high to reach the 40 cents price mark. With more than 10% returns from our previous entry, we at CryptoTicker are always happy to see good trade setups. With the crypto market at full swing, we expect prices to continue higher in tandem with overall prices.
XRP Price Prediction – is XRP price up for the rest of 2022?
There is a lot that might happen with the SEC case by the end of 2022. For now, we can look at the current technical facts. XRP just broke its resistance of $0.38 and reached the psychological price of $0.40. Although a retracement might still occur, we expect that XRP prices will continue on a new uptrend to reach the next target of $0.60. This is because the overall crypto market is also going up and positivity is everywhere across the market.
Bitcoin is above $24,000, Ethereum breached $1,700 and Cardano is prepping for higher highs from its current price of $0.50. If everything continues smoothly, we should see XRP around $0.60 at the beginning of Q4 2022.
- Ripple Price Prediction – How High will XRP reach in 2050?
- XRP Price can TRIPLE in the next few weeks if THIS Happens, Here’s Why
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- XRP Prediction: Why XRP Price might EXPLODE in November 2022?
- XRP Price BOOMS 70%! Will XRP reach 1 $ soon?
- Ripple (XRP) News Ticker – CryptoTicker
- Cardano Price Prediction – How High can Cardano reach by 2030?
- BIG XRP Price COMEBACK, Up 40% in 2 days – Is it safe to own XRP again?
- Can Shiba Inu Price Reach 10 Cents?
- XRP Prediction: LAST CHANCE to Buy XRP below 40 cents!
- You might want to Sell XRP before it slips LOWER, Here’s Why!
- XRP Price Prediction – How is Ripple STILL ALIVE? UP 50% in 7 days
- Why you Might have been WRONG about Ripple – XRP price +16%
- Ripple SEC Update: is Ripple winning the Lawsuit?
- BIGGEST Shiba Inu Prediction: How High can SHiB reach before 2023?
- XRP Prediction: Will XRP Price go UP after the FTX Crash?
- XRP Price Forecast – Can XRP 3x before 2023?
- Shiba Inu Price is about to Increase because of THIS indicator!
- WallStreetBets targets XRP, Prices soar 160% in 7 days – What about the lawsuit?
- Ripple (XRP) Price Prediction – XRP Reaching 1$ SOON?
- XRP Price Prediction – Can Ripple reach 1 $ before 2023?
You might also like
More from Altcoin
What is the Polkadot price prediction for the year's end and how high will the DOT price reach in 2025? Let's take a …
Let's talk about Avalanche crypto and see what happened to this crypto project. 2022 was hard for cryptos, will the …