Court on July 13 XRP-SEC in the case Ripple He ruled in his favor and XRP experienced a massive rally.
XRP, which rose to $0.93 in this rally, then dropped to $0.42.
With increasing speculation that spot ETF applications will be approved Bitcoin (BTC) While it rose above $ 35,000, XRP also rose to $ 0.58.
While XRP investors are waiting for a strong rise again, SBI VC Trade, a crypto company affiliated with the Japanese financial giant and Ripple partner SBI Group, predicted that XRP will rise to $ 0.62 in its latest report.
In the report published today, SBI VC Trade, which has examined the price movements of XRP since July 13, shared a gradual rise chart for XRP.
“As international remittance services using XRP expand, XRP will become widely accepted by retail investors in the future, making it more popular than ever.
If stable liquidity is achieved, the XRP price is likely to increase as it stabilizes.
At this point, we think that the XRP price will first rise to $0.5645, corresponding to the 100-day moving average.
Our next bullish target for XRP is $0.6297, which coincides with a reversal of the 38.2% decline from the July 13 high of 0.9359 to the August 18 low of 0.4405. ”
The $0.6297 forecast predicts that XRP could rise approximately 13% from its current level.
XRP At the time of writing, it continues to be traded at $ 0.553.
*This is not investment advice.
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