The price of <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a> has diverged significantly from that of the overall <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">cryptocurrency</a> market, with the token finding further positive triggers from the ongoing <a href="https://finbold.com/ripple-v-sec-court-case-update-as-of-march-20-2023/" rel="noopener noreferrer nofollow">legal struggle</a> between <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a> and the Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>).The newly discovered momentum for <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP</a> has led to the token regaining a previous support position. Using CoinCodex’s <a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">technical analysis</a> indicators, Finbold was able to get a price prediction for the price of XRP on Easter Sunday, 2023.According to information gathered on March 22, it is projected that XRP will break above <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> at $0.50 on April 9. The price that is anticipated to be achieved is $0.509, even though it is due to drop a month from now, on April 21, to trade at $0.444.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4bd85d29e0a64a028fb7792e43df97d4.jpg" />XRP Easter price forecast. Source: CoinCodexIn comparison, the machine learning algorithm-based crypto tracking platform PricePredictions is another tool that offers a glimpse of the token’s price trajectory. As per the tool’s price forecast, XRP investors should expect a slightly lower climb in the asset’s valuation to trade at $0.464 on April 9, according to <a href="https://pricepredictions.com/forecast/xrp" rel="noopener noreferrer nofollow">data</a> obtained on March 22.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1aac3c25d40b444496b3214db85e13c6.jpg" />XRP Easter price forecast. Source: PricePredictionsNotably, the forecast puts into consideration different <a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">technical indicators</a>, such as the <a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">Bollinger Bands</a> (BB), <a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">moving averages</a> (MA), <a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">moving average convergence divergence</a> (MACD), <a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">relative strength index</a> (RSI), and others.<h2 id="header-0">XRP price analysis and trajectory</h2>Currently, XRP is trading at $0.4459, up 6.01% in the last 24 hours and a further 21.70% across the previous seven days on the weekly chart.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/23ccec1538b5457d9e3092cde12a9f90.jpg" />XRP seven-day price chart. Source: CoinMarketCapWhile XRP has generally followed the overall market’s positive trajectory as of late, the extraordinary gain may be attributed to rising hopes that Ripple would ultimately prevail in the SEC lawsuit. That comes after a string of favorable events for the blockchain firm leading up to the summary decision.As the defendants in this lawsuit recently filed a Letter Notice of Additional Authorities, XRP investors became excited again. On March 20, attorney James Filan <a href="https://twitter.com/FilanLaw/status/1637882356508794884" rel="noopener noreferrer nofollow">tweeted</a> a copy of a court document that appears to show the defendants attempted to bolster their fair notice defense by citing a different case in which U.S. Bankruptcy Court for the Southern District of New York Judge Michael E. Wiles rejected an SEC argument on the grounds that it was too vague.According to Ripple, the market is in disarray because of the SEC’s lack of transparency about the application of securities rules to digital assets. This, in turn, makes it hard for market players to know what they need to do to stay in compliance with the law. CEO Brad Garlinghouse of Ripple said the company is still confident the litigation will be settled before the end of the first half of the year.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on<a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow"> </a><a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

AI predicts XRP price for Easter 2023

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Інші статті, опубліковані 22 бер. 2023 р.

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