The Ripple XRP coin is going great guns with its latest victory in its legal tussle with SEC (U.S. Securities and Exchange Commission). The values of the coin surged and it is also a very big victory for the crypto sector.
The XRP coin’s path of glory started in 2017 and 2018 when it became the second most capitalized cryptocurrency after Bitcoin. However, what followed was a long period of price correction primarily caused by the tanking of the XRP swap rate and market capitalization. The situation is aggravated further by a general trend of falling capitalization of cryptocurrencies. In 2021 the crypto sector boomed and Ripple XRP gained a lot of lost ground. Though the token has not reached its past levels of glory the prospects for the coin are very high and there could be a phenomenal surge in its value.
Ripple XRP Price Prediction
Let’s take a closer look at this coin’s prospects in our Ripple XRP price prediction.
A disclaimer- The following article must not be construed as financial investment advice and the investor is advised to do his own research and decide if it is a good idea to invest in crypto assets.
- The Ripple XRP to USD price of $0.75222887 and showed a growth of 4.79%
- As per forecast the price could surge by 13.44% and could reach $0.820558 by July 17, 2023.
- As per the technical benchmarks which reveal a bullish sentiment of Bullish 93% of market sentiment on Ripple,
- The Fear and Greed Index is displaying a score of 56.
- In the past month, Ripple has had 16/30 green days and 10.74% price volatility.
While dabbling in the future prospects of crypto assets it is very crucial to get a feel of the market sentiments. The price of XRP is hovering in the range of $0.70 to $ 0.75 and is presently sitting tight at the number 5 position in the crypto sector. The XRP coin has shown a 24H Low of $0.71432020 and a 24H High $0.79023131. XRP has a total Market Cap of $39.60B and a Total Supply of 99.99B.
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Ripple wins the Lawsuit against SEC
The win in the long pending Ripple – SEC legal feud has finally been solved. The judge has ruled in favor of XRP and allowed the coin to be traded in the US Exchanges. This is a big win for the crypto sector and the future of the crypto sector which was blurred now becomes a bit more clear.
FAQs
Did XRP win the lawsuit?
Yes, a U.S. judge on Thursday announced a landmark legal victory for the cryptocurrency Ripple (XRP).
Why is XRP Going Up?
After the historic victory of Ripple (XRP) against SEC, the coin saw a rise.
