Ripple (XRP) Price Explodes: Prediction On Its Way To $1
✍️ 23 September, 2022 - 9:09 👤 Editor: Jakub Motyka
- The price of the Ripple (XRP) crypto has gone up 30% today, what is the forecast for the following hours?
- Ripple crypto price prediction today points to new resistance coming its way.
- The latest news about cryptos, in our Telegram channel.
The price of the Ripple cryptocurrency (XRP) has exploded in the last few hours. Its value has shot up by 30% in the last 24 hours, reaching a price of $0.5403, which makes it logical to ask what is the Ripple price prediction for today, September 23, for this crypto.
Ripple's prediction on its price today reveals that the incredible growth that XRP has had in recent hours is going to meet with resistance which it will need to outperform, and maintain, to show that it can continue to rise to regain the $1 price it had at the end of last year.
Ripple (XRP) Price Prediction Today, September 23rd
Ripple (XRP) has already broken the previous price prediction. Reaching $0.5403, the price of XRP has far exceeded its average of the last 200 days, located at $0.49. Regarding its price prediction today, if the rise continues, its value will find a new litmus test at the level of $0.65.
In the event that the Ripple (XRP) price rise today continues for the next few hours, the next resistance that it will have to overcome is above the $0.65261. That is the value that the crypto Ripple managed to touch after starting its great fall in 2022, and since then it has always traded lower.
In the event that Ripple (XRP) loses what it has earned in the last 24 hours, its support will be around $0.32. A negative outcome in Ripple's case against the SEC could trigger a drop in XRP price to that level.
The Case Of Ripple Against The SEC, Key In The Future Price Of This Cryptocurrency
The company behind Ripple (XRP) is in a fierce legal battle with the SEC to demonstrate that your token sale is not subject to US stock investment laws.
There are still months of litigation ahead, but the result of the trial between Ripple and the SEC will be key in the future of the price of Ripple (XRP).
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