The ongoing fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is experiencing many breaks and turning points, as the last hearing has become quite clear. Kriptokoin.com As we have reported, the statement by former SEC executive William Hinman is still unclear and people around him are eagerly awaiting clarification. According to some, this may have forced the XRP price to remain on a lower support.
Where are you looking at Ripple prices right now?
According to cryptocurrency expert Sahana Vibhute, given the price action over the past week, the price broke the bearish channel with consecutive green candles. As soon as it entered an upward channel and after staying lower for a while, the price skyrocketed. Interestingly, the price is currently at the center of the channel and struggling to beat the levels.
Given previous patterns and price movements, the XRP price may again experience a slight decline. It could also continue a major recovery, which could bring the price to the next resistance zones. Despite a large rebound, the price could decline to current resistance levels near $ 0.77 before making a major rebound to $ 1.
Analyst: $ 16 through April 2022.
However, there are some extreme bullish predictions in the cryptographic space, which hint at a two-digit number. A popular analyst predicts that the price could reach $ 16 by April 2022. In addition, he notes that by the end of July 2022 it could experience a sharp drop of about $ 1.5. Interestingly, the analyst predicts a one-month rebound from $ 1.6 in late March to more than $ 15. So can this giant move be attributed to the ongoing lawsuit by Ripple and SEC that could result in this period?
For many, events like the stock market recovery of XRP could fuel the price increase. However, with the evolution of Ripple and the SEC case, the XRP price could find significant support. XRP is trading at $ 0.75 at the time of writing and has gained 4% momentum in the last 24 hours.
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