The price of XRP increased by more than 6 % today against the backdrop of the broader encryption market, indicating the renewal of investor confidence. Moreover, speculation also rises on a possible separation of SEC ripples, given the last variable position of the United States of America towards the encryption sector. However, a great expert recently ignored concerns about the impact of the lawsuit on the original Ripple, saying that encryption is likely to reach $ 8 regardless of the state of the case.
The price of XRP rises 6 %: more left flow?
The price of XRP today jumped approximately 6.25 % and exchanged hands at $ 2.15, while trading volume decreased by 32 % to $ 5.16 billion. It is worth noting that the encryption may hover between $ 2.21 and $ 2.02 over the past 24 hours. additional, Details of the derivatives by Coinglass It showed that the future XRP interest increased by 7 % today, reflecting market confidence.
Amid this, the famous market analyst Casitrades said that the correction is likely to have ended on the horizon in Crypto and XRP for the main resistance at $ 2.2. Moreover, the expert added that if the Ripple coin has broken $ 2.5, it may continue to move to the north.
Meanwhile, despite the positive market morale, society has shown frustration with the delay of the United States in dropping the Ripple Second. For the context, the American SEC has dropped many major encryption cases this week, but it has not made any comments on a long -term XRP suit. With the highlight of the delay, the famous legal expert John Diton recently prompted a settlement in the ongoing legal battle.
Will Ripple Secre Case affect the price of XRP in the future?
The famous market expert Dark Defender predicted that the price of XRP will reach 8 dollars, regardless of the results of the continuous ripples. This prediction comes with the recovery of Ripple today, indicating the investor’s renewable confidence amid a recovery in the wider encryption market.
The Ripple VS SEC lawsuit was a great point of speculation, as many investors worried about its impact on the price of the asset. However, Dark Defender predicts that the encryption price will continue to rise, regardless of the results of the case.
In a post of recent social media, Dark Defender explained that XRP has reached the lowest Fibonacci level for the fourth wave and is expected to start a fifth wave, which can pay about $ 5.
This prediction is important, given the current market morale. The price of XRP was recently volatile, but the Dark Defender analysis indicates that it has the ability to reach new horizons. It should be noted that the condition of the ripple is still continuing, and its result is unconfirmed. However, if the Dark Defender prediction becomes true, this may be a big boost for merchants.
The main levels that must be monitored for the future
Since the price of XRP noticed some recovery and hovering in the Green Zone, senior experts have provided major price levels to watch it forward. For context, Market Pundit Ali Martinez said that encryption has found new support at $ 1.65. After saying this, it is very important that the encryption carries this support to maintain its upward path.
On the other hand, experts Rose Premium Signals said that Ripple is currently witnessing the stage of retreat, and testing the main Fibonacci levels. It is expected that the cryptocurrency is expected to bounce strongly from the support zone of $ 1.2578. If it succeeds, this may lead to a tremendous recovery and bullish blade. Possible goals include $ 3.0110 and $ 4.2243.
After saying this, the encryption appears to be ready for a strong gathering. Moreover, another expert expected that the price of Ripple would reach $ 320 in 2026, which sparked major discussions in the market.
Robam Roy
RUPAM is an experienced professional with three years experience in the financial market, where he developed a reputation as an insightful career and journalist. It flourishes to explore the dynamic nuances of the financial scene. It currently acts as a sub -editor in Coingepe, RUPAM experience extends beyond the traditional borders. Its role includes breaking stories, analyzing developments related to the prosecution, providing actual time updates in the encryption market, and providing insightful economic news. Robam’s profession is characterized by a deep passion for the complexity of financing and the presentation of influential stories that resonate with a diverse audience.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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