Ripple XRP has been fighting the SEC in an ongoing lawsuit brought by the commission. However, the lawsuit is still dragging on without a proper closing date. As a result of this crucial decision, the price of XRP experienced a slump in the market.
XRP has not been as high as compared to other altcoins. XRP is trading at $0.5368, with an increase of 0.4% in the last 24 hours. XRP is up 4% over the past 7 days and down 10% over the past 30 days. Here is our Ripple XRP price prediction for the week.
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XRP price forecast for the week
Cryptocurrency experts at Changelly have given their Ripple XRP price prediction for the week. According to the analysts, XRP is not likely to reach the $1 level this week. The analysts predict that XRP will reach a minimum of $0.56 and a maximum of $0.71.
The price of XRP rose to $0.8875 when a US judge declared that XRP is not a security. It boosted Ripple's price, and several exchanges re-listed XRP. However, the price has dropped. Compared to Ripple's performance, the entire cryptocurrency market also appears to be in the red.
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It's no secret that XRP has dramatically underperformed the broader crypto market as the SEC's lawsuit against Ripple clouded the regulator's standing.
However, Ripple has scored a series of legal victories over the past year, further skewing the case in its favor and renewing hopes for a settlement. As certainty returns to XRP's prospects, the technical alignment now signals that traders may return to this high-flying but controversial asset.