bullish

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/speculators-track-xrp-price-after-recent-developments-in-ripples-sec-lawsuit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Speculators Track XRP Price After Recent Developments in Ripple’s SEC Lawsuit</a><br></p>
<p style="text-align: justify">This week, XRP has caught the attention of market participants following recent developments in Ripple’s legal battle with the U.S. SEC. The SEC’s decision to appeal the court ruling indicates that the legal struggle is far from over. This move has sparked speculation within the <a href="https://en.coin-turk.com/michael-saylor-predicts-bitcoins-future-value-at-2045-conference/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/terraform-labs-executes-significant-transactions-involving-avax-and-bnb-tokens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market, resulting in significant selling pressure on XRP’s price.</p>
<h2 id="famed-analyst-predicts-xrp-price-will-reach-5">Famed Analyst Predicts XRP Price Will Reach $5</h2>
<p style="text-align: justify">Despite the recent downturn, well-known analyst EGRAG Crypto suggests that XRP’s price could potentially hit $5. According to EGRAG Crypto, two possible scenarios support this prediction.</p>
<p style="text-align: justify">The analyst notes that if the SEC’s appeal leads to a situation similar to December 2020, XRP could reach the $5-6 range. Furthermore, he expresses that if Bitcoin achieves a new record level between $80,000 and $100,000, other altcoins like XRP may also experience a similar increase. EGRAG Crypto stated, “If the SEC’s appeal allows Bitcoin to reach $80,000, XRP could rise to $2.31.”</p>
<h2 id="next-steps-in-ripple-s-sec-case">Next Steps in Ripple’s SEC Case</h2>
<p style="text-align: justify">According to XRP supporter lawyer Fred Rispoli, it is unlikely that the Ripple -SEC case will conclude before early 2026. This statement has led to various speculations in the cryptocurrency realm, with many criticizing the SEC for prolonging the lawsuit. Hogan remarked that “the SEC’s recent appeal is a major mistake,” indicating the confidence in the company’s chances against the appeal.</p>
<p style="text-align: justify">Ripple CLO Stuart Alderoty targeted the SEC, indicating that a cross-appeal may occur in the case. Meanwhile, XRP’s price fluctuated around $0.523 after a brief increase earlier in the week.</p>
<p style="text-align: justify">Investors express satisfaction in seeing increased institutional interest in cryptocurrency following Bitwise’s application for an XRP ETF. Additionally, EGRAG Crypto’s recent bullish prediction boosts market confidence, suggesting potential upward movement for XRP in the near future.</p>
<p style="text-align: justify">While the ongoing Ripple-SEC case creates uncertainty among investors, some analysts maintain their faith in XRP’s long-term potential. The continuing appeal process may cause volatility in the <a href="https://en.coin-turk.com/ftx-crypto-exchange-presents-plan-to-reopen-with-third-party-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>, yet optimistic forecasts from analysts provide hope for investors.</p>
<p>The post <a href="https://en.coin-turk.com/speculators-track-xrp-price-after-recent-developments-in-ripples-sec-lawsuit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Speculators Track XRP Price After Recent Developments in Ripple’s SEC Lawsuit</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Speculators Track XRP Price After Recent Developments in Ripple’s SEC Lawsuit

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