XRP News: Experts Predict Explosive Growth with Long-Term Price Target of $70

As XRP undergoes a critical test in the market, experts remain optimistic about its long-term potential, with predictions pointing towards significant growth. Here’s a closer look at the latest developments and price predictions for XRP.

XRP Faces Critical Test: Experts Eye $70 Target Despite Drop

XRP is currently trading at $2.30, experiencing a 5.15% drop in the last 24 hours but showing resilience with a 4% increase over the past week. Trading volume stands at $3.4 billion, although it has decreased by 19%. market analysts are divided on the short-term outlook but are optimistic about long-term growth, with predictions targeting prices between $33 and $70.

XRP Price Prediction: Bullish Indicators Predict Explosive Growth to $15

XRP has recently shown several strong technical indicators that suggest potential price recovery in the next few days. The TD Sequential indicator on the hourly time frame flashed a clear buy pattern indicating a short-term price recovery. The RSI breakout mirrors previous surges, signaling a possible rally. Additionally, XRP’s symmetrical triangle breakout hints at a $15 target. Both short-term and long-term patterns indicate potential growth, and momentum fluctuations support further upward price movement.

XRP Price Prediction For March 17

XRP is showing a bearish divergence on the 3-day chart, indicating no strong or lasting bullish momentum in the NEAR future. The price is currently testing a support zone between $2.25 and $2.30. If it bounces from here, it could set up a short-term bullish trend towards the resistance levels between $2.65 and $2.80. However, resistance at $2.50 might slow down the momentum. A fall below $2.25 could indicate a potential retracement.

Ripple Lawsuit News: Ex-SEC Lawyer Comments on Private Settlement

Ripple and the U.S. Securities and Exchange Commission (SEC) are reportedly nearing a resolution to their four-year-long legal battle over the issuance of XRP. The SEC had alleged that XRP is an unregistered security. According to Fox News, the delay in reaching a final agreement is due to Ripple negotiating more favorable terms related to a district court ruling that imposed a $125 million fine on the company and included a permanent injunction preventing Ripple from selling XRP tokens to institutional investors. An ex-SEC lawyer has stated that there is no such thing as a ’private settlement’ in this context.