XRP at a Crossroads: Breakthrough or Disappointment after SEC Lawsuit Ends?

The protracted legal battle between Ripple and the US Securities and Exchange Commission (SEC) , which began in December 2020, appears to have put the XRP price into a state of paralysis. Despite the bull market in 2021, XRP shows a similar pattern of behavior to other major cryptocurrencies – all peaked in the same year and subsequently experienced a sharp decline.

On finanzen.net it is pointed out that there are now numerous alternatives that promise higher returns – especially meme coins like Slothana ($SLOTH), which some experts even believe have a potential increase in value of up to 10,000%.

If you want to find more about Ripple – SEC lawsuit and how it influenced the price of XRP, download for free our companion app. The Born2Invest mobile app keeps its readers up to date with the most important business news of the day so they can stay on top of the market. Don’t waste your time scrolling the internet, our team of seasoned writers will do that for you.

XRP on the verge of a decisive breakthrough: 60% price increase in prospect – time to invest?

According to a new forecast on Crypto Magazine, the cryptocurrency XRP could be facing a significant price increase. Market expert Tylie Eric predicts a 60% increase, which could push the value of XRP above the symbolic threshold of one US dollar.

This development is being watched with great interest as it would not only increase confidence in XRP, but could also serve as a sign of a general market revival.

SEC drops lawsuit against Ripple! XRP jumps to $15

In a surprising twist, according to CryptoTicker.io , the Securities and Exchange Commission has dropped its lawsuit against Ripple Labs, citing “misunderstandings” regarding the classification of XRP as the reason for the move. This caused the price of XRP to briefly jump to an impressive $15.

XRP set for explosive rise: $1 mark within reach?

Blockchain -Hero also reports on possible positive developments for the token from Ripple Labs (Xpring platform for developers). Technical analysis of a widening channel pattern suggests that we could soon witness a significant price jump – perhaps breaking above the psychologically important one dollar mark is actually possible this time.

__

(Featured image by sergeitokmakov via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Coin Kurier. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us