XRP Price Prediction: $10 Moonshot Or Burst As Ripple vs SEC Case Turns Sour

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 02 2024

Should l Buy XRP?

XRP Price Prediction: Ripple rejected SEC's offer to lower penalty to $102.6 million, impacting XRP token and company.
XRP Price Movement: XRP price at $0.4830, up 0.8% in 24 hours, with a market cap of $27 billion and growing trader interest.
Ripple vs SEC Lawsuit: Ripple rejects SEC's reduced penalty offer, case at trial stage, uncertain settlement or court ruling outcome.
Implications of Lawsuit: Ripple's legal battle could affect XRP and crypto industry, potential influence on future crypto regulations.
XRP Price Outlook: Signs of bottoming-out at $0.48, potential for gains to $1 in July if key resistance levels are breached.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.516	0.816	1.153	1.454	1.791	2.091	2.428
Fibonacci	0.816	1.06	1.21	1.454	1.697	1.848	2.091

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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