Performed very well last year XRP, has made significant progress in both price and SEC litigation. As Halloween approaches, AI prediction programs have released a promising prediction for the altcoin.
cryptocurrency In a year when markets witnessed intense fluctuations, XRP was among those that managed to perform well. The token has increased by 24% in the last 12 months. This commendable performance means that it outperforms 76% of the top 100 cryptocurrencies.
In addition to the good outlook on the network and the token, it is noteworthy that it is trading above its 200-day simple moving average, which is a classic bullish sign for many analysts. Moreover, it maintained a 50% upside rate, showing resilience and strength with 15 green days last month.
As of now, XRP is trading at $0.5526, up 0.28% in the last 24 hours and 12.86% in the past week. This brings its market value to 29.5 billion dollars.
As the “Halloween” season is in full swing in the US, AI’s prediction for the price of XRP on Halloween is $0.66. This forecast suggests that investors can earn more profits by adding to their celebratory mood.
The token’s two-month high of $0.58 provides further evidence of its upward trajectory, confirming the optimism surrounding it.
XRP Price Gains Momentum
It would be incomplete to analyze XRP’s performance without touching on the legal battles it has faced. The recent positive legal results have significantly strengthened the token’s position in the market. Chief among these is the acquittal of Ripple’s CEO Brad Garlinghouse and Chief Executive Officer Chris Larsen of all SEC charges. This acquittal, which became official with the seal of American judges, invigorated Ripple supporters around the world.
As Koinfinans.com reported, in mid-July, a landmark decision by Federal Judge Torres ruled that past years’ XRP sales did not equate to an investment contract offer. The SEC’s attempt to overturn this decision failed, giving Ripple a back-to-back victory over its formidable rival.