 ▲ Ripple (XRP) |
Popular cryptocurrency Ripple's However, the XRP community remains firm and expects the price of XRP to rise significantly following the conclusion of this legal dispute.
According to Watchguru, Ripple CEO Brad Garlinghouse said of the lawsuit with the SEC at the recent XRPL Community Summit, "It could end much sooner than people expect. I think in some ways we're almost at the final stage of that journey." “I think it will be there when the judge makes his decision, but I think it will be before the end of the summer. Someone asked me if it was the end of August or the end of September, but I’m not sure.”
Meanwhile, X's popular financial analyst Egrag Crypto predicted a bullish trend for XRP and predicted that it could rise to $7.5. The analyst highlights the formation of a white triangle formation on monthly price charts, which he said usually indicates a bullish price trajectory.
Egrag Crypto noted that XRP is truly on its way to setting a new price milestone soon. The expert emphasized the importance of patience, adding that a new XRP all-time high (ATH) is closer than ever.
In addition, Coin Codex predicts that despite the current bearish atmosphere, it could rise by 20% by June 2024, and is expected to rise to $0.578579 by mid-July 2024. Another platform, Changelly, predicted a similar trajectory, predicting that XRP would trade around $0.57.
ChatGPT-4o, OpenAI's cutting-edge artificial intelligence (AI) tool, said, "The successful launch of the Ripple stablecoin, a positive regulatory environment, and the strength of the cryptocurrency market, combined, will allow XRP to rise between $0.80 and $1.20 in the short to medium term. Conversely, in a weak market due to a failed launch or negative regulatory consequences, the price of XRP could fall to $0.30 to $0.40.”
The price of XRP, the 7th largest cryptocurrency by market capitalization, is recording $0.4756 as of 11:39 am on June 15 (Korean time), down 0.32% from 24 hours ago based on CoinMarketCap. This is a drop of approximately 87.64% from the all-time high of $3.84 achieved on January 4, 2018.
