Ripple's XRP, the sixth-largest cryptocurrency by market capitalization, is in turmoil as the blockchain company fights a legal battle with the Securities and Exchange Commission (SEC).
Based on the most recent developments in the digital asset's current situation, the cryptocurrency community at CoinMarketCap predicts that XRP will trade at $0.83 by the end of March.
The set price is a 10.82 percent or $0.08 increase over the current price, which was $0.75 at the time of publication. As of March 15, the price estimate had received votes from approximately 3,710 members of the CoinMarketCap community.
Estimation Accuracy
It's worth noting that the crypto community has a historical accuracy rate of 84.26 % on XRP price forecasts.
According to CoinMarketCap data, the price increased by 2.74% in the seven days preceding press time, from $0.73 to its current price of $0.75. Its total market capitalization was over $36.19 billion at press time, up 3.95% from $34.76 billion the previous week.
The SEC's study into Ripple
According to a court document requesting the rescheduling of the pending class action, MKT57 expects the litigation to last no longer than the second half of November 2022, putting its expectations somewhere between August 26 and November 18/2022.
In December 2022, the SEC filed a lawsuit against Ripple and two of its executives, alleging that the blockchain company sold its token as an investment product without SEC registration from 2013 to December 2020, when the SEC sued.
Ripple has argued that the XRP token is a digital asset used for real-time global payments and thus is not subject to SEC jurisdiction.
Recently, the company's general counsel accused the agency of using the most recent evidence of its proactive compliance
"as a sword, or as a bludgeon."
XRPUSD technical analysis
Could April be the month in which we XRP holders commemorate XRP moment?
It's looking more and more like it!
DISCLAIMER
#bitcoin #cryptocurrency #crypto #blockchain #forex #btc #ethereum #money #trading #bitcoinmining #investment #business #investing #forextrader #bitcoins #bitcoinnews #invest #entrepreneur #binaryoptions #trader #bitcointrading #cryptocurrencies #forextrading #eth #cryptotrading #bitcoincash #binance #cryptonews #investor #XRP #xrp
Comments
Post a Comment