XRP keeps climbing, analists predict $1 by end of month

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Last Updated on 6 November 2023 by CryptoTips.eu

Just as Bitcoin struggles to hang on to the $30k price level and has been going downhill in recent days, XRP on the other hand continues to rise ever since Judge Analisa Torres’ ruled last week in its favor.

Analysts foresee increasingly higher price targets for the coin from Ripple Labs, while larger investors are now also showing an interest (if the latest news is to be believed). Will XRP reach the $1 level before the end of the month?

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Security

After Judge Analisa Torres made an important decision for the entire cryptocurrency market in the lawsuit between Ripple Labs and the SEC, namely ruling that XRP was not a security and that the issuance and subsequent sale by the blockchain company Ripple did not form any securities sales (as the SEC had argued), the XRP coin has registered a fabulous price increase.

In the days following the favorable ruling, XRP crossed the critical $0.80 mark several times.

In particular, the initial surge, which saw XRP rise from $0.475 to $0.8714 within hours of the court ruling, led some crypto analysts to predict that XRP could reach a price level above $3 before the end of this year.

Several annalists now claim that if XRP continues to ride the bullish wave started by the favorable SEC court ruling, it has a chance of hitting the $1 level in the coming weeks and even its all-time high (ATH) of $3,40, listed in January 2018, seems possible by the end of the year.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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