Ripple (XRP) Ends Quarter Steady at $0.61, Future Uncertain Amid Bitcoin Halving and SEC Lawsuit

XRP concluded the first quarter at $0.61, with predictions ranging from a 20% increase to a 30% drop. The upcoming Bitcoin halving and Ripple's ongoing lawsuit against the SEC could impact its price. Volatility characterized the quarter, leaving XRP at its starting point.

Ripple (XRP) Concludes Quarter at $0.61, Faces Uncertain Future Influenced by Bitcoin Halving and SEC Lawsuit

After a turbulent first quarter, Ripple's XRP cryptocurrency ended at the same level where it began, at $0.61. Cryptocurrency analyst EGRAG CRYPTO posits two potential scenarios for the upcoming months: a surge above $0.75 or a dip below $0.44.

EGRAG CRYPTO asserts that the path to a new all-time high of over $10 is clear, but advises investors to secure profits if necessary. The analyst previously predicted a bull run for XRP based on its closing above the 21 Exponential Moving Average (EMA) for more than six monthly candles.

Several factors may influence XRP's trajectory in the near future. The upcoming Bitcoin halving, scheduled for the end of April, has the potential to impact market sentiment. Additionally, the ongoing Ripple vs. SEC lawsuit remains a pivotal factor.

The trial between Ripple and the Securities and Exchange Commission (SEC) is set for April 23. Ripple has secured three partial court victories in the past year, placing it in a favorable position. A decisive win for Ripple may propel an XRP price increase, while an unfavorable outcome could hinder industry progress and lead to stricter regulations.

Other factors hinting at a potential surge in XRP valuation can be found in a dedicated video analysis.

Despite the uncertainty surrounding XRP's future, its price performance remains closely intertwined with the broader cryptocurrency market. The Bitcoin halving and the outcome of the Ripple vs. SEC lawsuit will undoubtedly play a significant role in shaping the asset's trajectory in the coming months.