The post XRP Price Prediction: Here’s Where the Price May Reach Before the End of H1 2023! appeared first on Coinpedia Fintech News
XRP price broke above the crucial descending trend in the past few days and surged beyond $0.4 to approach the critical level of $0.5. Meanwhile, the bears quickly jumped in to extract some profits but failed to drag the price below the support at $0.4.
Presently, the buying volume has surged heavily, due to which the price has been able to make a fair rebound back above $0.45. The mounting bullish momentum currently appears to prevail for some time, which may lift the price above historical highs soon.
All began when Ripple in its defense foreshadowed a positive outlook in the case against the US SEC. In their new filing, rulings on SEC objections in the Voyager Digital Holdings bankruptcy case were referred. The judge rejected the SEC’s objections and endorsed many of the arguments that were presented by Ripple before. XRPArmy appeared to be joyful and reacted to the rumors of the case already being settled on paper.
Hence, a major spike was witnessed, which is now considered to be just the beginning. A popular XRP proponent, CryptoBull, believes the price to surge beyond $25 in May 2023, which presently appears to be more hypothetical than practical.
The crypto enthusiast refers to the previous patterns followed by the token since the beginning and believes, XRP to be at the foothill of a massive explosion. Each time, the price drops hard and marks the bottom, a notable rally kicks in, raising the price levels that head towards a new ATH.
Hence, Cryptobull believes that similar price action is likely to occur at the moment as the price is displaying the possibility of a bullish breakout.
The recent upswing was fed by rumors of the end of the 2-year-long Ripple vs SEC lawsuit. Now that the judgment is scheduled for the next few months, a more aggregated rally is expected to occur. No doubt the XRP price may reach above $1 and may also surge to reach 2021 highs or even its ATH. But marking the highs beyond $25 in the next few months appears to be the unworkable job for the token at the moment.