Ripple (XRP) managed to reach $0.53 on October 10. However, the coin was unable to maintain this position as it crashed a few days later. Analysts and experts explain their Ripple (XRP) price predictions. Is $5 inevitable once the lawsuit between Ripple and SEC is settled?
Ripple (XRP) will rise if the bears do not intervene
Ripple (XRP) has struggled to keep up with the likes of Dogecoin, Solana, Cardano and even Shiba Inu in the recent rally. However, it failed to capitalize on the recent crypto market mini rally to revisit that particular price zone. However, in the last few days, XRP has started to paint its charts green as it has recorded notable gains. Over the past seven days, XRP has managed to grow 5.4% and over the past two weeks 7.3%.
Crypto analyst Christian Encila comments on the technical outlook for XRP. A glance at its daily charts shows that XRP has managed to create enough room for it to continue rising over the next few days. However, if the bears don’t ruin XRP’s momentum.
One of the good signs for XRP is that it has crossed its 200-day moving average, which confirms a relatively strong performance in the subsequent sessions. If the altcoin manages to stay in a certain zone, buyers will try to retest the $0.53 level, which the asset has been unable to reach since Oct. So a short-term rally is possible.
If the test is successful, the XRP price pattern indicates more upside volatility for the crypto. However, if the important moving average position cannot be sustained, selling pressure may start to interfere with the rally. In this case, it is possible that it will eventually retrace XRP to $0.44. In summary, XRP is entering a highly volatile state, looking at $0.53 and $0.44 as its close targets.
Ripple (XRP) price predictions
Average estimates point to $0.47 for XRP by the end of 2022. As for 2025, there is a maximum range of $1.47 to $1.76 for XRP. However, Finder’s panel of thirty-six industry experts concludes that XRP should hit $3.61 by 2025. It’s important to note that not all of these experts agree with this estimate. Some say that crypto may not cross the $1 threshold by 2025. Keegan Francis, Finder’s global cryptocurrency editor, disagrees with the panelists. He predicts XRP will be $0.50 by the end of 2025 and just $0.10 by 2030. According to data published on Nasdaq, the average projection for 2025 is around $3.66.
Finder’s experts have a fairly conservative figure for XRP in 2030. They think that crypto will likely reach $4.98 by 2030. In a statement to Finder, DigitalX Asset Management Fund Head Matthew Harry says he doesn’t see any benefit in XRP aside from the speculation element. According to data published on the Nasdaq website, the average projection for 2030 is around $18.39.
Altcoin still continues its legal battle with the SEC
The US Securities and Exchange Commission (SEC) and Ripple have been in a legal battle since 2020. The cryptocurrency community expects this war to end soon. November 18, 2022, your decision on Ripple’s summary decision request will be ready. Therefore, this date will be boldly marked on the calendars of both parties.
The company’s litigation advisor, John Deaton, said response summaries will be released on November 15. It also noted that its censored public copies will be made available on November 21. There is also speculation that the final decision on the case will still take some time. However, XRP investors and community members await the end of Ripple’s showdown, which has greatly impacted its progress.
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