XRP Price Predictions After the SEC Lawsuit Ruling: What's Next for the Crypto Token?

Last week, XRP, the crypto token of Ripple, saw an impressive increase in value of over 46%. After a four-year legal battle and finally a final ruling, many analysts are positive about the future of XRP.

After a difficult period caused by economic problems in Japan, XRP, the crypto token of Ripple, experienced an impressive increase in value of over 46% last week.

Starting with a sharp decline like the rest of the crypto market, XRP recovered from a low of $0.43 and gained additional momentum to reach a local peak of around $0.63.

The digital currency's price movement was largely influenced by the recent ruling in Ripple's legal battle with the US Securities and Exchange Commission (SEC). The court fined Ripple $125 million, which is significantly lower than the initial $2 billion demand. Many market participants, including Ripple CEO Brad Garlinghouse, viewed this outcome as a victory.

Could this be the beginning of a massive price increase for XRP?

One of these analysts, known as CJ, expects XRP to make its first move higher to $0.658 soon.

Another analyst, Javon Marks, compares the current situation to a previous “hidden bull divergence” that XRP experienced from 2016 to 2017, which led to an explosive price increase at the time. As a result, Marks believes that the XRP price is now in the early stages of a new, powerful upward move.

Furthermore, analyst Alex Clay highlights the formation of a “symmetrical triangle” pattern, which is often a precursor to a strong price breakout. According to Clay, this could be a good time for investors to increase their positions in XRP.

Previous predictions from analysts such as Doctor Profit and CrediBULL Crypto also emphasize the positive impact of the lawsuit on XRP. They expect that the recent developments could trigger a new “bull run”, possibly leading to a new all-time high (ATH) for the cryptocurrency.

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