XRP price seems ready to rise

The ongoing lawsuit between Ripple and the SEC continues to capture investors’ attention.

With recent legal developments and the expected disclosure of sealed documents, XRP’s price appears to be on the verge of a possible explosive rise.

In this article, we will delve deeper into the recent developments in the Ripple vs. SEC lawsuit, analyze its impact on XRP price and discuss future price predictions.

Koersanalyse XRP

XRP remained below the 50-day and 200-day EMAs, confirming the bearish price signals. A break above the 50-day EMA of XRP would support a move towards the 200-day EMA and the $0.5739 resistance level. A breakout of the $0.5739 resistance level could bring $0.60 into play.

In contrast, a decline in XRP through the upper and lower trendlines could indicate a decline below $0.50.

The 14-day RSI reading, 51.19, indicates that a return of XRP to the $0.60 level is possible before entering overbought territory.

On the 4-hour chart, XRP was above the 50-day EMA but remained below the 200-day EMA. The EMAs confirm the bullish signals in the short term but bearish signals in the longer term.

A breakout of XRP from the 200-day EMA could give the bulls a run at the $0.5739 resistance level. However, a decline in XRP through the $0.5361 support level could signal a decline towards the 50-day EMA.

The 14-day RSI reading, 56.00, suggests a return of XRP to the $0.60 range before entering overbought territory.

Ripple v. SEC: Pending Resolution

A key element that could positively impact the price of XRP in the short term is the possible outcome of the long-running lawsuit between Ripple and the US Securities and Exchange Commission (SEC).

The company scored three partial wins last year, making the regulator look like the underdog to some market participants. After each win, the value of XRP rose, with many expecting an even more significant rise in a decisive triumph for Ripple.

Although the trial began last month, it remains unclear when the case will officially conclude. One person who thinks this could happen before the end of the summer is U.S. Attorney Jeremy Hogan. He believes the legal dispute can be resolved after a $100 million settlement.

Analysts predict rise in XRP

The past few days have been quite positive for Ripple’s XRP, whose price rose 6% on a weekly basis and is currently trading around $0.53 (according to CoinGecko data). The rebound caught the attention of many analysts, with some predicting new peaks in the near future.

A few days ago, X user Mikybull Crypto observed the price trajectory of XRP and indicated that “the bottom is confirmed and is currently preparing for an explosive move.” Captain Faibik also supported that statement, with a medium-term target of $2.50.

In addition to these analysts, Dark Defender also predicts an increase, but in a more modest way. For example, the analyst suggested that XRP has returned to a pattern that could ultimately fuel a price rally as high as $1.88.

On the other hand, in addition to XRP, other options in the market should also be considered. These newer options offer the opportunity for greater returns and also provide strong diversification of your portfolio!

Sealana (SEAL)

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The presale for Dogeverse is $0.00031 per token, and over $13 million in funds has already been raised. In the near future, this meme coin will be available for trading on various exchanges. By acquiring and staking tokens during the presale, you have the opportunity to earn additional rewards and potentially make a significant ROI (Return on Investment) from your DOGEVERSE tokens.

Mega Dice Token (DICE)

Mega Dice, an internet-based cryptocurrency casino, recently introduced its exclusive digital currency known as DICE. This token allows users to place bets on a wide range of games offered by the online crypto casino. Moreover, DICE can also be staked, which offers the opportunity to accumulate substantial interest.

In a remarkably short period of time, the presale for DICE successfully raised a whopping $790,000. Enthusiastic individuals who enjoy the thrill of gambling have developed a taste for using the $DICE token while indulging in the exciting experience of Mega Dice.

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Currently, DICE’s value is $0.069; however, there is potential for a significant increase in the near future. The virtual cryptocurrency casino is engaged in buying back some of the DICE tokens using its revenues. These tokens are then permanently removed from circulation, resulting in a scarcity that ultimately drives up the value of the token.

Disclaimer: This article contains insights from independent authors and is not part of BitcoinMagazine.nl’s editorial content. This is not investment advice, please do your own research.