Ripple: With SEC Lawsuit Settled, Will XRP Hit $4?
Earlier this month, Ripple CEO Brad Garlinghouse announced that the SEC is no longer pursuing its litigation against the fintech company. XRP experienced a brief rally following the announcement. Following the market-wide correction, XRP’s price has dipped to pre-announcement levels. XRP is currently down by 4.5% in the daily charts, 6.6% in the weekly charts, 1.7% in the 14-day charts, and 2.3% over the previous month. Despite the dip, the asset’s price has rallied by 261.6% since March 2024. Also Read: Putin’s “Temporary Admin” Plan for Ukraine Could Shift Europe’s Oil and Gas Flow Source: CoinGecko Cryptocurrencies Continue To Stagnate Source: Watcher Guru The cryptocurrency market seems to be entering a consolidation phase. Bitcoin (BTC) briefly reclaimed the $88,000 level earlier this week. BTC’s price has since slipped to the $86,000 mark. XRP follows BTC’s trajectory as well. Also Read: South Carolina’s Bold Move: Proposes 1M BTC State Reserve The market d...