Propel

Coin

This week, virtually all altcoins comprehended their potential predicaments with the SEC. XRP has been enduring this reality for years, being ostracized from US-based exchanges and forced to endure the adverse effects of the lawsuit. However, the tide is changing. 
<h2 style="text-align: justify;" id="xrp-coin-june-13">XRP Coin June 13</h2>
Come June 13, the much-anticipated climax of the XRP Coin lawsuit is approaching. According to <a href="https://en.coin-turk.com/ripples-xrp-soars-amid-market-decline-a-legal-battle-update/" target="_blank" rel="noopener" data-wpel-link="internal">Ripple</a> CEO, we will witness the lawsuit&#8217;s conclusion within weeks. The said date marks a critical juncture for various reasons, so what developments could influence the price of XRP Coin? 
<ul>
<li>The announcement of inflation data. </li>
<li>Fed interest rate decision (June 14). </li>
<li>Publication of Hinman documents. </li>
</ul>
The release of Hinman documents could potentially convince the XRP Coin community to rally. It is anticipated that the inflation data will be low, and the Fed is expected to bypass interest rate hikes this month. These factors combined could create a conducive environment for an increase in XRP Coin price. 
<h2 style="text-align: justify;" id="xrp-coin-price-prediction">XRP Coin Price Prediction</h2>
Surprisingly, the market overlooked the SEC&#8217;s significant decision to remove Ripple&#8217;s XRP, categorized as a &#8216;security,&#8217; from its most recent token list. XRP owners are increasingly optimistic, expecting a positive outcome from Ripple&#8217;s long-standing SEC lawsuit in the forthcoming weeks. 
Large institutional investors appear to be at the forefront of the ongoing XRP price rally. As the total XRP network transaction volume increases, Whale activity also increases concurrently. Whale transactions surged by 8,000% this week, rising from 7 significant transactions on June 3 to 557 on June 8. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83874 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-8.png" alt="" width="1938" height="906" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-8.png 1938w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-8-300x140.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-8-768x359.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-8-1536x718.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-8-1200x561.png 1200w" sizes="(max-width: 1938px) 100vw, 1938px" />
Several unsuccessful attempts were made by XRP to exceed $0.55. This time, however, the bullish whales seem set to drive an ongoing XRP price rally to a new 2023 peak above $0.60. According to Santiment&#8217;s Market Value to Realized Value (MVRV) data, most <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">crypto</a> investors who purchased XRP in the past month are currently looking at an unrealized profit of 7%. Historical trading patterns indicate that they will earn an additional 6% before beginning to sell around $0.57. 
The post <a rel="nofollow" href="https://en.coin-turk.com/upcoming-shifts-may-propel-xrp-coin-to-new-heights-ripple-ceos-assertion/" data-wpel-link="internal">Upcoming Shifts May Propel XRP Coin to New Heights: Ripple CEO’s Assertion</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Upcoming Shifts May Propel XRP Coin to New Heights: Ripple CEO’s Assertion

Table of Contents

COINTURK NEWS

Other articles published on Jun 10, 2023

DAO Proposal: Bridge $CGPT to the Ethereum Network

Chancer to Launch Token Presale for its Prediction Platform

US Sen. Elizabeth Warren Says Binance Lied to Congress in Letter to DOJ Asking for an Investigation

Ethereum (ETH) Price Analysis for June 10

BREAKING: ADA, SOL, MATIC, SHIB, DOGE Drop to Shocking Lows

Cardano, Solana, and Polygon Experience Major Drops Amidst Robinhood Delisting

Join our free newsletter for daily crypto updates!