The crypto market is on a strong upswing, with major coins posting impressive gains over the past week. Bitcoin has surged above $123,000, marking a 7.7% weekly rise and hitting new all-time highs. Ethereum is up nearly 30% in the same period, trading close to $4,760, while XRP has climbed over 12% to $3.33.
Looking at XRP’s price chart, bulls have managed to hold above key support levels. With the Ripple vs SEC case now concluded, many analysts expect strong gains in the coming months. While some predictions, like $100, seem unrealistic, others are aiming for more moderate targets of $7 to $10.
Opening up about the XRP price predictions, Manhar Garegrat, Country Head, Liminal Custody, said in an interview with Coinpedia, “XRP has been resilient in this cycle. If market momentum continues along with more global crypto adoption, I can see it realistically holding between the $3.5-$5 range through the rest of the bull run. The approval of an XRP ETF seems likely in the near term which is going to allow more stability to the asset.”
SEC Chair Confirms Ripple vs SEC Closure
For years, XRP supporters were disappointed and blamed the Ripple vs SEC case for the token’s price dip and suppression. Now that the case is over, Ripple can focus on building fresh partnerships without the weight of legal troubles. SEC Commissioner Hester Peirce also commented on the development, saying that the case’s closure means energy once spent on litigation can now be directed toward creating a clear regulatory framework for crypto.
Chairman Paul Atkins replied saying, “Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors.”
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