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Ripple price prediction – XRP halfway to $1!

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Ripple (XRP/USD) price prediction – The price has encountered resistance at $0.55, but a positive trial outcome in December may push the price to $1.

Up 35% in the last seven days, XRP’s market capitalization has risen by nearly $6 billion from $17 billion to $23 billion. Ripple reached a high of $0.55, which is a major resistance and the lowest price in January 2022.

The Finbold website predicted the current rise in a Sept. 21 article:” The token price has recovered from the last dip and is currently trading favorably. If the bulls can break through resistance around $0.4215, XRP could target highs of $0.48 soon.”

Ripple case – SEC, what impact?

Mid-December is expected to be the end of Ripple’s U.S. case. James K. Filan, defense counsel, states that on September 18, Ripple Labs filed a motion for summary judgment.

In the legal process known as summary judgment, the court, rather than ordering a trial, makes a final decision based on the evidence presented. A decision on whether or not XRP is a security is expected in mid-December.

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The excitement surrounding this development may strengthen investor sentiment toward XRP’s long-term prospects. Indeed, the community believes Ripple will win this case.

According to cryptocurrency trading expert Michel van de Poppe, cryptocurrencies like XRP could soon see another breakthrough.

In fact, if Bitcoin stabilizes around $20,000, news about altcoins could boost its price. Now that the Ethereum meltdown has passed, Ripple and its famous lawsuit are regaining investor attention.

The post Ripple – XRP price forecast halfway to $1! appeared first on The ₿log.

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