XRP Could Reach $4 to $6 as it Only Dropped to $0.51 After SEC Appeal, Compared to 70% Crash in 2020 - The Crypto Basic Analytics

XRP's price action has reacted notably to the SEC's recent legal actions. On October 2, news of the SEC’s appeal against favorable rulings in the Ripple case led to XRP dropping from $0.6058 to $0.5101, a 15.79% decline. Despite this, XRP quickly recovered and is now trading at $0.5323.

This reaction contrasts with the severe 2020 crash when the initial lawsuit led XRP to fall from $0.5678 to $0.1748, a 70% decline.

Analysts like Bobby A predict that XRP could rally to $4 or even $6, seeing the recent sell-off as a "sell trap." He suggests that XRP’s macro charts remain bullish, hinting at a possible uptrend in the coming months.