Important developments are taking place in the cryptocurrency world! The price of Ripple (XRP) may experience a large increase between $1 and $6 in the coming period.
- XRP is currently consolidated in the $0.62-0.63 range
- Analysts think the price will explode due to the bull market cycle and the upcoming Bitcoin halving
- The legal fight between Ripple and the US Securities and Exchange Commission (SEC) may also affect the asset price
Investors and analysts think that the cryptocurrency market will reach its peak between 2024-2025 and XRP will gain value in this process. Bitcoin halving contributes to the revival of the cryptocurrency market by halving the reward of miners.
The case between Ripple and the SEC will be heard on April 23 and may affect the price of XRP. Last year, the value of XRP rose 70 percent when the company won a partial victory in court.
