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Ripple price sets the stage for 33% advance before the end of discovery

Ripple flows out of exchanges as Bitcoin and Ethereum inflow spikes
Written by publisher team

  • Experts believe that the payment giant is poised to win the SEC case against Ripple as we approach the end of discovery.
  • Proponents predicted a bullish first quarter for Ripple, with altcoin eyes gaining 33%.
  • Analysts have noticed a triangle pattern on the Ripple price chart, and are expecting a similar recovery towards the end of December 2021.

Ripple price continued its downward trend in 2022. Analysts evaluated the trend of Ripple price and expected its reversal.

SEC vs. Ripple Case Heading to Discovery End

The biggest topic in 2021 was the SEC vs. Ripple case. With the discovery period coming to an end, experts believe that Ripple is poised to win the case that could expire by April 2022.

The XRP Army, a community of supporters of the Ripple network, rallies to support attorney John Deaton, criticizing the SEC’s position on the payment giant’s sale of cryptocurrencies. Deaton is a key figure opposing the lawsuit brought by the Securities and Exchange Commission.

The SEC’s case against Ripple negatively affected the altcoin’s price. The price of Ripple recovered from the drop in several points in 2021. Ripple Labs continued to grow its ecosystem and revealed that 2021 was one of the best years for the payments giant.

Analysts have evaluated Ripple’s price trends and noticed a triangle pattern. In 2021, the Ripple price recovered from the drop in price through a surge in demand and investor interest. Proponents believe the altcoin is ready for a 33% price hike to reach the $1 target.

CarpeNoctum, a crypto analyst and trader, notes that there is no consistent trend in Ripple’s quarterly growth.

XRP_Pro, a cryptocurrency analyst with a pseudonym, pointed out the similarities between the current price trend and the bullish trajectory for Ripple in 2021. Bitboy_Crypto, a crypto guru and analyst, is bullish on the Ripple price.

FXStreet analysts believe that the Ripple price could collapse to $0.65 if it breaks the critical support.

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