bullish

<p>The post <a href="https://coinpedia.org/news/xrp-price-prediction-how-the-ripple-vs-sec-lawsuit-outcome-could-skyrocket-xrp-prices/">XRP Price Prediction: How the Ripple vs SEC Lawsuit Outcome Could Skyrocket XRP Prices?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Doctor Profit, a prominent XRP investor, has shed some <a href="https://x.com/DrProfitCrypto/status/1821325681847927294">light </a>on a comprehensive <a href="https://blofin.com/invite/DrProfitCrypto">report </a>published by BloFin on the long-term potential of XRP. According to the analyst, XRP is designed for long-term investors rather than those seeking quick gains through day trading. The coin has shown significant resilience, maintaining a spot in the top 10 cryptocurrencies despite a harsh 75% drop in 2020 due to the SEC lawsuit.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> – The Big Report:<br><br>Everyone who knows me understands that I'm a major investor in XRP. This report is going to lay out the facts and show you exactly where we’re heading next.<br><br>XRP is a masterpiece for the long term. If you’re thinking of making a quick buck with day trading… <a href="https://t.co/w6ww9uSE6v">pic.twitter.com/w6ww9uSE6v</a></p>— Doctor Profit 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1821325681847927294?ref_src=twsrc%5Etfw">August 7, 2024</a>
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<h2 class="wp-block-heading" id="h-with-legal-clarity-will-xrp-go-back-to-pre-sec-days">With Legal Clarity, Will Xrp Go Back to Pre-SEC Days?</h2> 
<p>To back his stance, analysts went to the pre-SEC era, when XRP soared by 60,000% in 2017. Notably, it has remained in the top 10 cryptocurrencies for a decade despite a 75% drop in 2020 due to the SEC lawsuit. Although it hasn’t regained its 2017 peak of $3.20 and missed the 2021 bull run, XRP’s resilience is notable. Moreover, with over 300 financial institution partnerships and potential involvement in CBDCs, XRP is well-positioned for future growth.&nbsp;</p> 
<p>The analyst is confident that the recent court ruling that XRP is not security marks a major positive shift, providing much-needed regulatory clarity. This change could open the doors for an XRP ETF and renew interest from big investors who were previously hesitant about legal uncertainties.</p> 
<h2 class="wp-block-heading" id="h-technically-xrp-price-is-to-rise-with-a-year"><strong>Technically XRP Price Is to Rise With a Year!</strong></h2> 
<p>However, his technical analysis suggests that XRP is poised to touch new heights. The chart shows a resistance level at $0.72, with a breakout potentially leading to a new bull run. He predicts that XRP could reach between $16 and $20 if it mirrors the 2017 breakout. Even in a worst-case scenario, he anticipates a price range of $4 to $7 within a year.</p> 
<p>The analyst concludes his analysis with strong advice to buy XRP between $0.38 and $0.44 at key levels, suggesting that dips in this range present buying opportunities. He remains bullish on XRP, emphasizing that positive developments and technical indicators indicate substantial future gains.</p> 
<h2 class="wp-block-heading" id="h-will-xrp-hit-3-or-4-nbsp"><strong>Will XRP Hit $3 or $4?&nbsp;</strong></h2> 
<p>While all the indicators are green, XRP fans are optimistic after the recent court victory, which they believe could drive the token to surpass its previous all-time high of $3.84. Currently trading at $0.6314, XRP has surged 23.8% in the past 24 hours but remains about 81.4% below its 2018 peak.&nbsp;</p> 
<p>Keeping the expectations real, one crypto analyst known as “360 Trader” has <a href="https://x.com/360_trader/status/1821283783158739395">weighed </a>in, suggesting that XRP’s price could soar this cycle with recent developments. They predict a realistic target range of $4 to $8, emphasizing that the recent legal clarity has removed previous restrictions and could drive significant gains for XRP.</p> 
<p>The question now is whether this boost could pave the way for XRP to set new record highs soon. We have to wait and watch.&nbsp;</p>

XRP Price Prediction: How the Ripple vs SEC Lawsuit Outcome Could Skyrocket XRP Prices?

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