• XRP has been affected by a legal tussle between Ripple and the SEC.
• Thomas Kralow, a crypto hedge fund manager at Kralow Capital, predicts an upcoming price spike for XRP with values ranging from $10 to $30.
• For a bullish resurgence, the XRP price needs to swiftly rise above the 20-day Exponential Moving Average (EMA) and then break the overhead resistance at $0.55.
XRP Price Prediction: Analyst Predicts $10 in 3-4 Months
Impact of Legal Tussle Between Ripple and SEC
The ripple effects of the ongoing legal tussle between Ripple and the Securities and Exchange Commission (SEC) significantly impact the value of the XRP cryptocurrency. Currently, three main elements shape speculative narratives revolving around XRP:i) The content of the Hinman emailsii) William Hinman’s 2018 speech on Ethereum iii) The Regulator’s classification of XRP as a security
Promising Price Spike Predicted by Crypto Expert
Thomas Kralow, a crypto hedge fund manager at Kralow Capital, predicts an upcoming surge in te XRP price within the next quarter due to these factors. Google Trends data reveals that global searches for XRP have doubled in recent months which reflects increasing interest among digital traders.Kralow estimates that these speculations could catalyze a remarkable price escalation for XRP over time with values ranging from $10 to $30.
Need for Bullish Comeback
At present, the XRP coin has seen minor increases of 0.9% in past day but it dipped below its 50-day Simple Moving Average (SMA) on June 14 & 15th 2021. If this trend continues then it may plunge further to $0.41 making it necessary for it to quickly rise above its 20-day Exponential Moving Average (EMA), breaking overhead resistance at $0.55 for a bullish resurgence .
Impact On The Crypto Markets
The wider cryptocurrency community anticipates favorable outcomes due to these developments leading to positive sentiment regarding increased adoption and value appreciation as well as potential listing on Coinbase Pro or other US exchanges .
Overall , speculation surrounding Ripple’s legal battle with SEC is likely to have significant implications on XRPs current and future pricing trends , creating potential opportunities for investors who anticipate further gains in coming months .