xrp cryptocurrency price

Ripple (XRP) Price Predictions: Where Does XRP Go After Judge Comments?

Ripple (XRP) Price Predictions: Where Does XRP Go After Judge Comments?
Written by publisher team

The latest legal battle between the SEC and ripple (CCC:XRP) in the last days. The magistrate in the case made some court statements that strongly favor the cryptocurrency startup. This data gives investors a reason to watch the Ripple (XRP) price predictions.

Concept image of the XRP token (XRP-USD) from Ripple.

Source: shutterstock

Before we get into the details, let’s talk about Ripple. Basically, Ripple is a company that owns a limited amount of its cryptocurrency, called XRP. XRP is the mechanism by which Ripple can conduct smooth and fast transactions internationally. By converting their preferred fiat currency to XRP, the user can send this currency abroad and then easily convert it to the recipient’s preferred official currency.

During a hearing last week, a judge suggested that XRP has a currency value as well as a utility that differs from other cryptocurrencies such as Bitcoin (CCC:BTC) And Ethereum (CCC:ETH-USD).

These comments contradict the entire argument of the Securities and Exchange Commission, which is linking regulators to installing XRP as a security rather than a currency. Judge comments strongly favor Ripple, and as such, the price of XRP is up today, up 15% this morning.

Ripple Rising and Falling (XRP) Price Forecast

So with the optimism surrounding the recent actions, let’s take a look at some of the latest XRP price predictions:

  • Prime XBT predicted that with the upside, XRP could reach and exceed $3. Ripple’s legal victory could certainly catalyze that.
  • CoinPedia is more bearish in the cryptocurrency due to its legal battles, as it was priced at 65 cents by the end of the year.
  • Hedge fund manager Will Meade is bullish on XRP, predicting a $3 price point in the near future. Capital also reports a long-term forecast of about $30.
  • Trading education tracks a variety of Ripple (XRP) price predictions. This range is from 50 cents to over $1 for 2021 goals.

The presence of both bullish and bearish arguments indicates the currency’s volatility. However, be aware that legal news can change these expectations bears in a heartbeat. XRP is not a cryptocurrency to sleep.

At the date of publication, Brenden Rearick did not (directly or indirectly) hold any positions in the securities mentioned in this article.

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