Finbold shares predictions for the price of crypto made by Ripple (XRP) in October 2023. The financial media uses the AI-powered cryptocurrency monitoring and prediction platform, PricePredictions.

“The aim is to gauge the potential trajectory of the XRP price at the end of October, taking into account legal decisions and Ripple's acquisition of a payments license in Singapore,” explained Finbold in a recent article.

This XRP price prediction in October 2023, was compiled using several key technical indicators.

“Including the moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others, which project a rise to US$0.550420 on October 31.”

A more detailed examination of the PricePredictions AI engine of the XRP price chart reveals that the cryptocurrency has maintained a strong position above both the 50 Day EMA and 200 Day EMA.

“This signal indicates bullish sentiment in the market.”

If XRP manages to break the resistance level of US$0.5470 and the prevailing trend line, it could pave the way for the bulls to challenge the strong resistance level of US$0.5835.

However, it is important to be careful, as there is an expectation of increased selling pressure as XRP approaches the US$0.5835 level, which coincides with the trend line.

Finbold added that market sentiment in the coming days will be heavily influenced by the ongoing updates of the SEC vs. SEC legal battle. Ripple and Coinbase.

Worth noting is the outcome of Judge Failla's decision in the Coinbase Motion to Dismiss (MTD) case, as a favorable ruling could prove beneficial not only for XRP but also for the cryptocurrency market in general.

Conversely, if XRP declines below the 50 Day EMA and 200 Day EMA, it could bring the support level of US$0.5042 into play, which may indicate a shift in the prevailing market dynamics.

Most recently, United States District Judge Analisa Torres rejected the SEC's efforts by dismissing their appeal in a segment of an earlier ruling in a high-profile lawsuit against Ripple Labs

Along with these legal developments, Ripple recorded an important milestone by obtaining a cryptocurrency license in Singapore, a strategic move that strengthens its presence in the Asia-Pacific (APAC) region