Ripple XRP The SEC has filed a lawsuit against the company. The lawsuit is still dragging out and there’s no date for its conclusion. The price of XRP dropped in the market as a direct result of the pivotal decision.
The price of XRP is not as high as other altcoins. XRP currently trades at $0.5204, a drop of 3.2% over the last 24 hour. Over the past seven days, the price of XRP rose by 3.4%. It has fallen 12.1% over the previous 30 days. Our price forecast for RippleXRP in mid-May.
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Predictions for XRP prices in mid-May, 2024
The Cryptocurrency Experts at Changelly Price predictions for RippleXRP have been made for the middle of May. Analysts predict that XRP will reach a minimum price of $0.553 or a maximum value of $0.740. The analysts expect XRP to average $0.646.
XRP reached a price as high as $0.8875, after a US court ruled that XRP does not qualify as a security. Ripple’s price rose, while several exchanges listed XRP again. However, it has plummeted. Ripple is not the only cryptocurrency that seems to be in negative territory.
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Ripple’s regulatory status has been clouded by the SEC lawsuit.
Ripple, however, has scored a number of victories in the courts over the past year. This is causing the situation to shift further towards its favor, and is renewing hope for a resolution. Technical alignment indicates traders will return to this volatile but highly-rated asset now that XRP has a more certain outlook.
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Source: watcher.guru