The fifth largest cryptocurrency, XRP, lost 2% in value in the last 24 hours, falling to $0.61. Although the XRP price is far from its performance at $ 0.90, analysts' XRP-focused predictions continue.
Price Prediction for XRP
Alex Cobb, known by XRP investors, made a statement implying that the 6-year expectation is over. Drawing attention to historical data, Cobb stated that XRP's latest decline was the last shock before the peak.
Cobb said that XRP is a cryptocurrency that rewards “relentless patience” and shared a chart to support this. The chart shows XRP heading towards $10.
XRP is currently unable to fully move forward due to the SEC lawsuit. However, Cobb's positive statements and the course of the SEC case could trigger a major rise for XRP.
Lawsuit Concerns on XRP
Lawyer Jeremy Hogan said the SEC still insists that XRP is a security. The future of XRP remains uncertain, depending on the outcome of the ongoing SEC case. However, it is thought that the SEC has been hit and XRP is preparing for a sharp rise.
The first target for XRP will be $1, and moving above $0.91 will make everything easier. Hobb thinks good days are ahead for XRP.
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