'I Think XRP is Ready'

Ripple's XRP gained momentum in the past two weeks, witnessing a price increase of around 10%. It briefly reclaimed $0.60 several hours ago before

Ripple's XRP price has gained momentum with an increase of approximately 10% in the last two weeks. It briefly retook the $0.60 level a few hours ago and then settled at the current $0.58 level, according to CoinGecko data.

According to some analysts, XRP may make headlines in a short time with a remarkable rally. To give an example, an analyst who goes by the username Bitlord and is popular among X users thinks the token is poised to experience a “parabolic upward explosion at a steep angle” in the coming hours.

The analyst also included the following statements: “The amount of hate XRP has received is extraordinary. The fact is that last time I called Ripple its price moved several billion. He also reached the top point. Now I want to see that party start again.”

The Great Mattsby also found similarities between XRP's recent performance and Tesla's (TSLA) performance in the 2010s. In the mentioned decade, the stock value of the electric vehicle giant started from $ 2 and rose to $ 30. The company continued its upward trend in the coming years and currently TSLA shares are trading at around $240. It's an interesting comparison, considering the two entities have literally nothing in common.

Dark Defender claimed that XRP was about to rise to $0.66. The trader also said: “The January 2018 resistance will disappear above $1.03, yes, that is exactly the point, interesting.”

Is There Any Fluctuation in the Coming Period According to the Ripple V. SEC Case?

XRP price may experience further volatility in the coming weeks due to potential developments in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC).

The legal struggle has reached its final stage following the August decision of District Judge Torres, who decided that the company's XRP sales to retail investors in secondary markets did not constitute securities transactions. However, the judge ordered Ripple to pay a $125 million fine for violating certain laws.

This amount represents a 94% decrease from the amount originally requested by the regulator. Therefore, the likelihood of an appeal from Ripple is quite low. Additionally, CEO Brad Garlinghouse and CLO Stuart Alderoty said the company will respect the court's decision.

However, the SEC may appeal the decision. Although the deadline for such a move is October 7, the institution has not yet made a statement on whether it will take this path.

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