Things are not looking good for XRP. At least, it is from a technical point of view. Regarding Ripple’s ongoing lawsuit against the US Securities and Exchange Commission, which accused the global crypto payments company of selling XRP As an unregistered security, no one knows what’s going to happen. The judge presiding over the case is expected to rule by the end of the quarter on whether the case goes to trial and XRP The bulls are hoping that Ripple can force the SEC to settle.
Regarding the technicals of XRP, the ongoing bearishness of the cryptocurrency since posting a yearly high in January in the $0.43 region is raising the possibility of a 2022 low in the $0.30 region. XRP/USD was last changing hands in the mid-$0.36 range, down more than 2.0% on Monday, bringing losses to less than 10% on the month. price prediction thus becoming more pessimistic.
XRP is falling side by side Broader Cryptocurrency Marketwho is weighed down by concerns about SEC’s Latest Regulatory Enforcement Actions BUSD against stablecoin issuer Paxos. The cryptocurrency’s surge has been capped by a downtrend since last September and has since bottomed twice in the $0.30 region. History repeating itself looks like it could be on the cards.
Crypto Experts Give Their XRP Price Predictions
The average XRP price forecast from a panel of 55 fintech experts surveyed by Finder.com at the end of December is XRP reaching $3.81 in 2025 if Ripple achieves a favorable outcome in its lawsuit against the SEC (i.e. the judge dismisses the case). rejects, there is a settlement) or Ripple wins outright). If Ripple achieves an unfavorable outcome, it will fall below $1.0 by 2025, according to the average price forecast given by the panel members.
According to Craig Cobb of Tradercobb.com, one of the experts surveyed by Finder.com, “The crypto market likes to jump on a bandwagon and XRP may win its case in a bear market given the herd mentality.” is what will pump up the price of this old-school top-10 coin”. The panel was divided on whether this is a good time to buy, hold, or sell XRP.
27% said XRP is a buy, 38% a hold and 36% a sell. Finder.com cited Martin Fröhler, CEO of Morpher, as saying that if Ripple wins, “it’s a big win for the whole crypto industry”. Fröhler gave one of the survey’s more optimistic price predictions, targeting $5 by 2025 if XRP wins against the SEC.
Is it too late to buy XRP?
asking what Its very late Buying property is never the right question. The answer is always never. The right question is whether a property should be bought or not. And it depends on how an investor measures its long-term price performance outlook.
Based on your own research, if you think that the price of XRP is likely to increase significantly in the current years, it is probably worth buying something. Otherwise stay away.
XRP Alternatives to Consider
As discussed above, the near-term outlook for XRP is volatile. Traders looking for quick profits may prefer to consider other high-potential tokens, such as those sold in pre-sales by promising up-and-coming crypto projects. We’ve reviewed some of the best candidates in this list of the top 15 cryptocurrencies for 2023, as analyzed by… crypto news Industry Talk Team.
The list is updated weekly with new altcoins and ICO projects.
Disclaimer: The Industry Talks section features insights by crypto industry players and is not part of the editorial content of 0x0news.com.
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