In a recent significant development, a U.S. judge issued a ruling that determined XRP from Ripple should not be categorized as a security. Despite this crucial decision, the lawsuit remains unresolved, lacking a definitive closure date. Following this pivotal ruling, the market witnessed a notable upswing in XRP’s price.
The victory marked a momentous occasion for Ripple, effectively bringing the protracted legal battle to a conclusion. However, the price surge proved to be short-lived, with XRP’s value not reaching levels comparable to other alternative cryptocurrencies. Presently, XRP is trading at $0.48973, showing a 0.6% decrease in value over the last 24 hours.
It has seen a 0.5% increase over the past 7 days but has dropped by 2.1% over the last 30 days. Now, let’s delve into our price prediction for Ripple XRP as we approach the end of October.
Ripple’s (XRP) Path to October’s End: A Price Perspective
Changelly‘s cryptocurrency specialists have provided their anticipated pricing projection for Ripple XRP as October comes to a close. According to their analysis, XRP is projected to achieve a lower boundary of $0.488 and an upper limit of $0.675, with an average price estimate of $0.581.
Following a U.S. judge’s declaration that XRP is not a security, the XRP price experienced a significant upsurge, reaching as high as $0.8875. This announcement contributed to a resurgence in Ripple’s value, leading to several exchanges relisting XRP. Nonetheless, the price, much like the broader cryptocurrency market, subsequently experienced a decline.