• The ongoing legal tussle between Ripple and the SEC has significantly impacted the value of XRP cryptocurrency.
• Crypto Expert Thomas Kralow predicts a surge in the XRP price within the next quarter due to three main factors.
• Google Trends data reveals an increasing curiosity among digital traders and Kralow estimates values ranging from $10 to $30 for XRP.
XRP Price Impacted By Legal Tussle
The ripple effects of the ongoing legal tussle between Ripple and the Securities and Exchange Commission (SEC) significantly impact the value of the XRP cryptocurrency. At present, there are three main elements that shape the speculative narratives revolving around XRP:i) The content of the Hinman emailsii) William Hinman’s 2018 speech on Ethereum iii) The Regulator’s classification of XRP as a security
Promising Price Spike Predicted
Crypto Expert Thomas Kralow, a hedge fund manager at Kralow Capital, predicts a surge in te XRP price within the next quarter due to these factors. His predictions align with an increasing interest in XRP among crypto enthusiasts as revealed by Google Trends data. He estimates that these speculations could catalyze a remarkable price escalation for XRP in coming months with values ranging from $10 to $30.
Need For Bullish Comeback
At present, XRP coin has seen only a minor increase of 0.9% in past day. It dipped below 50-day Simple Moving Average (SMA) of $0.47 on June 14 and 15, but did not close under this mark. If it consistently remains below SMA, it might plunge further to $0.41 making it necessary for it to swiftly rise above 20-day Exponential Moving Average (EMA). Breaking overhead resistance at $0.55 would be essential for bullish resurgence .
Impact On Crypto Markets
The wider cryptocurrency community is looking forward to a favorable outcome from this situation leading to an expected surge in prices . A successful resolution could help reinstate investor confidence which has been shaken due to both parties being embroiled in lengthy litigation .
In conclusion ,the ongoing legal battle between Ripple and SEC will have significant implications on global crypto markets as well as sentiments surrounding investors decisions . With an encouraging prediction from crypto expert Thomas Kralow regarding potential price jump , all eyes are set upon resolution proceedings .