XRP Price Prediction – Can XRP Reach $50 if it Wins the SEC Lawsuit?
XRP price wallows in the red as bulls attempt to keep the token above $0.45. The money remittance token was rejected at $0.47 following an earlier attempt to break out. XRP price will likely consolidate at $0.45 before trying another move up. Ripple Vs. SEC: Assessing an XRP Price Rally To $50 XRP price has lost much of its month-long upward momentum, making it brush shoulders with $0.55 twice before falling back down again. The small wins Ripple Labs has been bagging in court has improved sentiment among the XRP Army. Even though the price corrected to $0.42, investors and experts are looking forward to XRP reclaiming its all-time high at $3.40 and blasting to $50 in the long term if there is a positive outcome from the lawsuit. A win against the SEC (Securities and Exchange Commission) is crucial for this to happen. The SEC filed a lawsuit against Ripple Labs, the company that issues the XRP token, and its top executives in December 2020. The regulator...