The post XRP Price is Poised to Hit $0.6 in the Next 24 Hours; When Will It Hit $1? appeared first on Coinpedia Fintech News
With the rounds of the final ruling of the Ripple vs SEC lawsuit approaching very soon, the XRP price has begun to explode. In the latest update, Ripple appeared extremely strong and its legal team files a response to the SEC’s letter of supplemental authority, challenging the fair notice argument and its reliance on the Howey precedent.
The outcome of the lawsuit is widely expected to be favorable to the company, which may aid the price rally that has only recently begun. After breaking the initial resistance zone, the XRP price is now looking ahead to test the higher resistance at $0.57 initially which may lay down the path toward $0.6.
A popular analyst, Dark Defender, shares his predictions for the XRP price and believes that the price may maintain a fine upswing ahead. However, he also marks the crucial resistance line to be cleared so that a jump toward $0.65 may be triggered. The price after clearing the major obstacles is believed to reach $0.89 very soon which may further trigger the upswing toward $1.
“ XRP has broken the initial resistance & will proceed towards $0.57 as the incoming target!
Breaking $0.57 & even $0.59 is still crucial for $0.89 first.
We are slowly getting there,”