In a recent significant development, a US judge handed down a ruling that determined Ripple’s XRP should not be classified as a security. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market.
Nevertheless, the surge was short-lived. XRP’s price has not been as high as other altcoins. However, alongside the recent surge of BTC above $64,000, altcoins are putting out a notable surge. XRP is no exception, as it has breached the crucial 40.6 resistance.
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XRP is trading at $0.6005, with a 3.9% surge in value over the past 24 hours. XRP is up 11% over the last 7 days and 12.4% in the last 30 days. Here is our price prediction for Ripple XRP and whether it can hit $1 soon.
Can XRP hit $1 soon?
Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP. According to their prediction, XRP is predicted to hit 1 in 2025. The analysts also forecasted XRP to reach a minimum of $0.591 and a maximum of $0.777 in March. The average price of XRP is expected to be $0.684.
The price of XRP went as high as $0.8875 when a US judge declared that XRP is not a security. It provided a boost to the price of Ripple, and several exchanges relisted XRP. However, the price has plunged.
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The next leg of the bullish run for Ripple could depend on the overall market conditions. It is also heavily dependent on the outcome of the much-awaited SEC vs. Ripple lawsuit.
