⚠️XRP Latest Status⚠️ XRP: $0.5521
Market value
$30,371,092,649
Full Dilute. Valuation
$55,084,020,974
24-Hour Trading Volume
$1,508,417,967
Circulation Supply
55.129.144.019
Total Supply
99,987,674,482
Maximum Supply
100,000,000,000
It is stated that today, on April 23, the final phase of the legal fight between Ripple and the SEC (United States Securities and Exchange Commission) has begun, and this may significantly affect the value of XRP. XRP's value has increased by 3% daily, outpacing other major cryptocurrencies, and many analysts have set ambitious price targets. A user named Dark Defender argues that the asset should not be classified as a security, claiming that XRP “is on the verge of an important pattern and this moment could shape its future.” The analyst offers three "Fibonacci levels" as possible price targets. In the most optimistic scenario, XRP is predicted to rise to $20 in the near future.
EGRAG CRYPTO also states that XRP's consolidation zone has become a supply zone and says, "The double bottom formation gives us a strong bullish signal and I am quite sure that the push force will start soon."
Another analyst named Mikybull Crypto thinks that XRP is currently “at the level that will start an explosive rally.”
Ripple v. SEC Case
An important element that could trigger XRP's bull run is the resolution of the legal dispute between Ripple and the SEC. The final phase of the case begins with a hearing scheduled for today (April 23).
Earlier this year, America's securities regulator imposed a $2 billion penalty on Ripple for alleged XRP sales violations. As CryptoPotato reported earlier today, the company offered some key reasons why the fine should not exceed $10 million.
“We are confident that the judge will take a fair approach to this final settlement phase,” said Ripple General Counsel Stuart Alderoty.
