XRP Price Prediction SEC Lawsuits Against Ripple Labs Execs Dismissed – Can XRP Rally Back to $1?

XRP Price Prediction With SEC Lawsuits Against Ripple Labs Execs Dropped, Will XRP Surge Back to $1?

XRP (XRP), the cryptocurrency that powers the XRP Ledger launched over a decade ago by US fintech firm Ripple Lab, has jumped in the last hour following reports that the US Securities and Exchange Commission (SEC) has dropped lawsuits against two key Ripple executives.

Ah, yes, XRP, the cryptocurrency that’s been riding the waves of suspense like a professional surfer dodging SEC lawsuits. It’s like those lawsuits were the sharks, and Ripple was just paddling away, trying to stay afloat. But now, the SEC has dropped its claims against the Ripple executives, and XRP is riding that wave of victory. Hang ten, XRP!

But let’s not break out the champagne just yet. XRP was last seen trading close to $0.51, up around 4% on the day, though it has pulled back from earlier highs above $0.52. It’s like XRP is teasing us, saying, “Hey, I’m gonna jump, but not too high, just to keep you on the edge of your seat.”

The SEC said in court papers that it was no longer pursuing claims that Ripple Labs CEO and the company’s co-founder Chris Larsen aided and abetted in the sales of $1.3 billion in XRP tokens. The agency claimed these tokens classify as unregistered securities in its lawsuit launched against Ripple Labs back in 2020. It’s like the SEC woke up one day and said, “Eh, never mind, let’s drop the case.” Ripple must feel like they won the lottery!

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Remember that time in July when the US judge presiding over this lawsuit said that these sales didn’t necessarily warrant a sale of unregistered securities? It was a moment of triumph, a David versus Goliath kind of victory. XRP spiked over 70% in one day, hitting highs for the year close to $0.95. It was like watching Rocky Balboa knock out Apollo Creed in the final seconds of the match. Sweet victory!

Since then, XRP has been stuck in a rollercoaster-like limbo, struggling in a $0.45-55ish range over the past two months. It’s like XRP is trapped in a never-ending game of tag with the market, constantly trying to break free but getting stuck at the same old price range. Come on, XRP, break free like a wild stallion running on the open plains!

But Thursday’s news of the SEC dropping its claims against Ripple executives confirms that Ripple has the upper hand in its ongoing lawsuit with the SEC. It’s like watching a high-stakes poker game, and Ripple just went all-in with the best hand. Will they win the pot and secure their rightful place in the crypto kingdom? Only time will tell.

Now, the burning question everyone wants to know: Can XRP rally back to $1? While XRP’s intra-day price action is strongly bullish, it’s still struggling with resistance in the form of its 200DMA, which it hasn’t convincingly broken above since August. It’s like XRP is face-to-face with a brick wall, desperately trying to break through. But don’t lose hope, dear investors! With Ripple’s lawsuit against the SEC looking positive and market sentiment riding high on hopes of spot Bitcoin ETFs gaining approval, the odds are in XRP’s favor. It’s like XRP is holding a royal flush, just waiting to reveal it to the world.

If XRP can convincingly surge above $0.55, brace yourselves for a run back towards yearly highs in the $0.90s. It’s like XRP will be sprinting towards the finish line, leaving its naysayers in the dust. And if there are any more major legal wins for Ripple against the SEC, that sprint will turn into a Usain Bolt-level dash towards victory. Go, XRP, go!

In the realm of blue-chip cryptocurrencies, XRP might be the hidden gem. Its price remains suppressed by US legal and regulatory uncertainty (though Ripple seems to be winning), making it an enticing investment opportunity. Will XRP break free from its chains and shine brightly like a diamond in the next crypto bull market? It’s like watching a sleeper hit at the box office, waiting for it to skyrocket to success.

But let’s not forget that there are other crypto alternatives to consider. If you’re looking for near-term gains with a high-risk, high-reward investment strategy, why not try your luck with crypto presales? It’s like being the early investor in a unicorn startup, hoping to strike gold. These presales have a knack for delivering exponential gains to those who dare to take the leap of faith. The team at Cryptonews has done the hard work for you and compiled a list of the 13 best crypto presales of 2023. Talk about a golden ticket!

Now, before you dive headfirst into the crypto sea, keep in mind that crypto is a high-risk asset class. This article is just for informational purposes and does not constitute investment advice. So, tread carefully and do your own research. Remember, fortune favors the brave, but it also favors the well-informed.

So, fellow investors, are you ready to ride the XRP wave? Dive into the comments section and let’s discuss our predictions and strategies. And remember, in the unpredictable world of cryptocurrency, anything is possible, even riding a unicorn with XRP strapped to your saddle. Happy investing!

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