{"id":304042,"date":"2024-05-17T17:57:30","date_gmt":"2024-05-17T12:27:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-price-forecast-as-sec-ruling-looms-could-it-hit-1-crypto-news\/"},"modified":"2024-05-17T18:01:22","modified_gmt":"2024-05-17T12:31:22","slug":"xrp-price-forecast-as-sec-ruling-looms-could-it-hit-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-forecast-as-sec-ruling-looms-could-it-hit-1-crypto-news\/","title":{"rendered":"XRP Price Forecast as SEC Ruling Looms: Could It Hit $1? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">XRP price forecast: XRP has seen a notable increase over the past 24 hours. The <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\"><span style=\"font-weight: 400;\">XRP price<\/span><\/a><span style=\"font-weight: 400;\"> has rallied above the $0.52 resistance level, currently trading at $0.5219. This marks a 1.42% rise over the past week, with the market cap now at $28.86 billion, up by 0.67%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite a 9.54% decrease in trading volume over the last 24 hours, totaling $1.12 billion, XRP has shown strong resilience. The circulating supply stands at 55.29 billion XRP out of a total supply of 99.98 billion XRP. The fully diluted market cap is $52.19 billion.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><span style=\"font-weight: 400;\">XRP Price Forecast: Resilience Amid Market Volatility<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">XRP has experienced notable market fluctuations over the past week, with bulls and bears vying for control. The cryptocurrency saw a slight increase of 1.23%, struggling to stay above the $0.52 mark. Despite this, XRP\u2019s price resilience suggests a strong support level around this point.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past month, XRP\u2019s value surged by 5%, highlighting the cryptocurrency market\u2019s volatility. In the last seven days, XRP\u2019s value fluctuated between $0.48 and $0.52, reflecting investor uncertainty. These mixed trends underscore the ongoing struggle between market optimism and caution as XRP attempts to maintain stability in a volatile environment.<\/span><\/p>\n<figure id=\"attachment_197452\" aria-describedby=\"caption-attachment-197452\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197452\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/05\/XRPUSD_2024-05-17_13-03-21-e1715946111306.png\" alt=\"XRP Price Forecast as SEC Ruling Looms: Could It Hit $1?\" width=\"1200\" height=\"617\"\/><\/noscript><figcaption id=\"caption-attachment-197452\" class=\"wp-caption-text\">XRP Price Forecast<\/figcaption><\/figure>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/pro-xrp-lawyer-john-deaton-blasts-warren-and-sec-over-crypto-regulation\/\"><span style=\"font-weight: 400;\">Ripple<\/span><\/a><span style=\"font-weight: 400;\"> must file counter briefs to the omnibus letter motions filed this week by May 20 alongside the SEC and interested parties. The court is deliberating on issuing an injunction against Ripple and determining penalties for securities law violations.<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/profile\/person\/4325698\/\"><span style=\"font-weight: 400;\">Stuart Alderoty<\/span><\/a><span style=\"font-weight: 400;\">, Ripple\u2019s Chief Legal Officer, praised a Capitol Hill vote. He noted a bipartisan agreement against SEC Chairman Gary Gensler\u2019s perceived crypto overreach.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The US Senate passed the Congressional Review Act (CRA), repealing <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-btc-crypto-stocks-reacts-to-secs-repealed-sab-121-rule\/\"><span style=\"font-weight: 400;\">SAB 121<\/span><\/a><span style=\"font-weight: 400;\">. SAB 121 would have required companies, including banks, to include client-owned crypto assets on their balance sheets. This repeal reflects growing resistance to stringent crypto regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP has shown remarkable stability, consistently maintaining a position above the crucial $0.51 level. This steady performance suggests that <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/xrp-price-prediction-as-xrp-hits-0-5-amid-ripple-vs-sec-intense-legal-battle\/\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> might soon reach the $0.55 milestone. If this upward momentum continues, the cryptocurrency could potentially challenge the $0.8 mark and possibly escalate to $1 in the near future.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">XRP Technical Analysis and Future Predictions<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">However, If the market experiences a downturn, XRP might slip below the $0.5 level. This could set it on a path towards the $0.45 support level. If the downward pressure intensifies further, XRP could fall to $0.4.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The 24-hour technical indicator for XRP\/USD shows a slight upward trend. The Moving Average Convergence Divergence (MACD) indicator displays a marginal bullish crossover, with the MACD line at 0.0020 and the signal line at -0.0075.\u00a0<\/span><\/p>\n<figure id=\"attachment_197453\" aria-describedby=\"caption-attachment-197453\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197453\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Forecast as SEC Ruling Looms: Could It Hit $1?\" width=\"1200\" height=\"617\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/05\/XRPUSD_2024-05-17_14-42-51-e1715946203989.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197453\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/05\/XRPUSD_2024-05-17_14-42-51-e1715946203989.png\" alt=\"XRP Price Forecast as SEC Ruling Looms: Could It Hit $1?\" width=\"1200\" height=\"617\"\/><\/noscript><figcaption id=\"caption-attachment-197453\" class=\"wp-caption-text\">XRP Price Forecast| Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/IzlSVHiC\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is at 49.54. This positions XRP in the neutral zone, indicating neither overbought nor oversold conditions. The Bollinger bands on the daily chart display significant market information. The upper Bollinger band is positioned at $0.5393, while the lower Bollinger band is at $0.4934.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These values indicate XRP\u2019s current volatility range, with the price hovering near the middle band. The relatively narrow spread between the bands suggests a period of lower volatility, which could precede a significant price movement.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p class=\"m-0\">Related Articles<\/p>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/xrp-price-forecast-as-sec-ruling-looms-could-it-hit-1\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/xrp-price-forecast-as-sec-ruling-looms-could-it-hit-1\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA197450\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. 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The XRP price has rallied above the $0.52 resistance level, currently trading at $0.5219. This marks a 1.42% rise over the past week, with the market cap now at $28.86 billion, up by 0.67%. Despite a 9.54% decrease in trading volume [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":298779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-304042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=304042"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304042\/revisions"}],"predecessor-version":[{"id":304053,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304042\/revisions\/304053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/298779"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=304042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=304042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=304042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}