Ripple XRP has been fighting the SEC in an ongoing lawsuit filed by the commission. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a slump in the market.
XRP has not been quite as high as compared to other altcoins. XRP is trading at $0.5368, with a 0.4% uptick in value over the past 24 hours. XRP is up 4% over the last 7 days and down 10% in the last 30 days. Here is our price prediction for Ripple XRP for the week.
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XRP price prediction for the week
Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for the week. According to the analysts, XRP is not likely to hit the $1 level this week. The analysts forecast XRP to reach a minimum of $0.56 and a maximum of $0.71.
The price of XRP went as high as $0.8875 when a US judge declared that XRP is not a security. It provided a boost to the price of Ripple, and several exchanges relisted XRP. However, the price has plunged. In comparison to Ripple’s performance, the whole cryptocurrency market also seems to be trading in the red.
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It’s no secret that XRP has dramatically underperformed the broader crypto market as the SEC’s lawsuit against Ripple clouded its regulatory standing.
However, Ripple has notched a series of legal victories this past year, swinging the case further in its favor and renewing hopes for a settlement. As certainty returns to XRP’s outlook, technical alignment now signals traders may rotate back into this high-flying but controversial asset.
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