|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
XRP Price Prediction: RLinda Paints Optimistic Picture Despite Ongoing SEC Lawsuit
Jul 04, 2024 at 05:45 am
Despite the ongoing legal wrangle between cryptocurrency giant Ripple and the United States Securities and Exchange Commission (SEC), the XRP coin is showing signs of resilience.
Despite the ongoing legal battle between cryptocurrency giant Ripple and the United States Securities and Exchange Commission (SEC), the XRP coin is showing signs of resilience. The ongoing dispute has heavily suppressed the price of the altcoin, leading many investors to be hesitant. However, this bleak landscape has not discouraged everyone.
A keen observer in the field, the crypto analyst RLinda, has painted a more optimistic picture, noting potential trends that may foretell a much-anticipated breakout. She maintains a bullish position, suggesting that the altcoin could significantly break its suppressed momentum, based on her detailed analysis of its performance over the past year.
Despite gloomy circumstances, RLinda remains hopeful. She considers XRP’s failure to reach new all-time highs, even when other coins have done so, as an ongoing struggle rather than a defining blow. According to her, the altcoin’s lethargic movement can be largely attributed to the ongoing litigation with the SEC.
But her examination of the coin’s technical and fundamental indicators suggests a potential decoupling is underway. If this is the case, XRP could be on the brink of a substantial rallying point – the spark that could ignite the dynamite. Her technical analysis of the 1-Week chart reveals that XRP is steadily testing the ‘Wedge resistance,’ toil that could pay off if a breakout from the resistance occurs. Also, volatility is decreasing and a consolidation appears to be in progress, which could be a precursor to another rally.
On the horizon, she believes that the rally could lead the price to climb as high as $0.6265 or even further to $0.73 given a favorable trajectory. However, these lofty heights will require that XRP maintains a critical support level at $0.4637 and successfully breaks through resistances at $0.4962 and $0.5720.
However, the coin isn’t without its obstacles. The ongoing lawsuit casts a heavy shadow on what would otherwise be a promising picture. Ripple’s drawn-out legal battle, while involving several victories against the SEC, continues to dampen the spirit as the lawsuit is far from over.
Yet, RLinda posits these challenges as the main reason behind XRP’s underperformance. Adding to her assessment, Ripple CEO Brad Garlinghouse has expressed optimism that the legal fracas would be resolved by summer’s end. If his prediction proves true, it could serve as a pivotal turning point for the XRP price.
According to RLinda, The ripple effects of the Ripple vs. SEC case extend beyond the company and its asset, as its outcome could set a precedent for the regulation of cryptocurrency worldwide. Triumph against the SEC could be a crucial green light for the whole crypto community, especially given the recent criticism pointed at the SEC for overstepping its bounds.
If the bulls take their course and the court rules in Ripple’s favor, XRP might just have its moment in the sun, making it all the more tantalizing for the keen investor. And while the journey to this place is fraught with tension, the payoff, as RLinda has reflected, could be more than worth the wait.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- PolitiFi Meme Coins: A New Alternative to Animal-Themed Tokens
- Sep 24, 2024 at 02:20 pm
- PolitiFi cryptos stands out as meme coins whose themes relate political movements and personalities. In a rapidly evolving world of meme coins, these tokens serve as another major alternative to animal-themed tokens, intertwining the concept of politics with the world of finance.
-
- RAIR Technologies Selected for Denarii Labs Accelerator Program Targeting Web3 Startups
- Sep 24, 2024 at 02:20 pm
- RAIR Technologies, an open-source platform specializing in the development of decentralized Web3 applications, has been selected for the Denarii Labs Accelerator program.
-
- Infinet (INFI): A New Entrant to the Cryptocurrency Market Worth Taking a Closer Look At
- Sep 24, 2024 at 02:20 pm
- As a new entrant to the cryptocurrency market, known as INFI, it is worthy to take a closer look at Infinet. It has indeed attracted the concern of the client in the crypto market as a new entrant with some unique characteristics and prospects.
-
- Grayscale Ethereum Trust (ETHE) Suffers Largest Single-Day Outflow of $80M Since July 29
- Sep 24, 2024 at 02:10 pm
- Over $79 million was withdrawn from nine US spot Ethereum ETFs on Monday, the largest single-day outflow since July 29, according to data tracked by Farside Investors.
-
- Baby Doge and Popcat Are Seeing Huge Gains, But Analysts Are Talking About Cutoshi, a New Memecoin That Has a Lot of Utility and Strong Potential for This Year
- Sep 24, 2024 at 02:10 pm
- The memecoin season is just starting, but some tokens are already ahead of the curve. Baby Doge and Popcat are seeing huge gains.
-
- Polkadot (DOT), Solana (SOL), Ripple (XRP), Shiba Inu (SHIB) Price Analysis and News
- Sep 24, 2024 at 02:10 pm
- Polkadot had a solid performance, rising 2.15% in the past 24 hours and accumulating gains of 6.55% over the past week.
-
- Claim $NFT or Stay Broke: Your Choice!
- Sep 24, 2024 at 02:10 pm
- How to claim APENFT Airdrop: Quick Guideline
-
- South Africa Traders Fair 2024 Concludes in Johannesburg
- Sep 24, 2024 at 12:45 pm
- The South Africa Traders Fair, organised by FINEXPO, concluded on 21 September 2024 at the renowned Protea Hotel Johannesburg Wanderers, marking a major success.
-
- Internet Computer (ICP), Sui (SUI), and BlockDAG (BDAG) Making Headlines as Cryptocurrency Market Nears Bull Run
- Sep 24, 2024 at 12:15 pm
- The cryptocurrency market may be on the brink of another bull run, and three coins are currently making headlines: Internet Computer (ICP), Sui (SUI), and BlockDAG (BDAG).