{"id":605646,"date":"2023-02-07T10:44:00","date_gmt":"2023-02-07T16:44:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/07\/will-ripples-win-spark-a-10x-surge-for-xrp-xrp-price-may-turn-bullish-if-breaks-this-consolidation-level\/"},"modified":"2023-02-07T10:44:00","modified_gmt":"2023-02-07T16:44:00","slug":"will-ripples-win-spark-a-10x-surge-for-xrp-xrp-price-may-turn-bullish-if-breaks-this-consolidation-level","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/07\/will-ripples-win-spark-a-10x-surge-for-xrp-xrp-price-may-turn-bullish-if-breaks-this-consolidation-level\/","title":{"rendered":"Will Ripple\u2019s Win Spark A 10x Surge For XRP? XRP Price May Turn Bullish If Breaks This Consolidation Level"},"content":{"rendered":"
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XRP\u2019s price is yet to witness an explosive surge like other dominating altcoins as investors are holding tight to their investment plans with the anticipation of Ripple\u2019s win against the SEC in the lawsuit.<\/p>\n

As the XRP investors eagerly await the outcome of the ongoing battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the heated debate over whether XRP will be treated as security continues to put the crypto world under pressure. Market experts believe Ripple\u2019s win may strengthen long-term holders\u2019 bullish goals and push XRP\u2019s price by 10x.\u00a0<\/p>\n

\u201cXRP Is Not A Security\u201d Develops Bullish Hopes!<\/strong><\/h2>\n

Controversies regarding whether XRP is a security have become headlines in the XRP community. Moreover, the recent settlement by the SEC against LBRY Inc marks a victory for Ripple Labs as the regulatory body admitted that the LBC token is not a security. Additionally, U.S. Attorney John Deaton relieved investors<\/a> as he claimed that XRP could not be treated as securities despite selling it as an investment contract.\u00a0<\/p>\n

Moreover, Ripple\u2019s projects on bringing tokenization will significantly benefit XRP\u2019s price as Ripple\u2019s XRP Ledger (XRPL) seeks to tokenize a wide range of digital assets, including stablecoins, NFT tokens, and leading assets like Bitcoin and Ethereum.<\/p>\n

Additionally, the adoption rate of tokenization is moving fast and is predicted to touch the $1 trillion mark by 2024, which will bring notable achievements for the XRP community. A recent report from Ripple hinted at the domination of XRPL as it continues to witness increased on-chain activity.\u00a0<\/p>\n

Timeline For XRP\u2019s Bullish Journey<\/strong><\/h2>\n

All the eyes of the crypto market are now on the judge\u2019s ruling, whose date is yet to be finalized. The motions for summary judgment were already drafted last year, and XRP\u2019s bullish pump now depends on the judge\u2019s conclusion. It is expected that the lawsuit may come to an end by March 2023, after which XRP may witness some price action<\/a>.\u00a0<\/p>\n

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As of writing, XRP price trades at $0.397, with a decline of 1.72% in the last 24 hours. A prominent analyst, Exactus, predicts that XRP price may break its previous year\u2019s consolidation level if it opens a weekly candle<\/a> above its resistance zone of $0.415-$0.42, sending its price back to all-time high or above $4.<\/p>\n

The analyst noted that the RSI-14 level hovers near a stable region and has more room to continue an upward rally for XRP with ease. Furthermore, the tokenization initiative (XRPL) and Ripple\u2019s win will undoubtedly create a bullish scenario for an exponential uptrend in the XRP price chart.\u00a0<\/p>\n

Traders should be cautious as a bearish reversal is expected if XRP heads below the support zone of $0.38-$0.39, which may dump the token to the bottom level of $0.3. However, this momentum is only possible if Ripple loses the lawsuit, which is unlikely to happen.\u00a0<\/p>\n<\/div>\n

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Shayan Chowdhury<\/a><\/h3>\n

Shayan is a digital nomad and a professional journalist. He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Shayan Chowdhury<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP\u2019s price is yet to witness an explosive surge like other dominating altcoins as investors are holding tight to their investment plans with the anticipation of Ripple\u2019s win against the SEC in the lawsuit. As the XRP investors eagerly await the outcome of the ongoing battle between Ripple and the U.S. Securities and Exchange Commission […]<\/p>\n","protected":false},"author":1,"featured_media":605647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[534,29469,24253],"tags":[],"class_list":{"0":"post-605646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-financial","8":"category-ripples","9":"category-spark"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/605646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=605646"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/605646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/605647"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=605646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=605646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=605646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}