XRP Price Prediction: Today’s Ripple Price, 27th Oct 2022

XRP Price Prediction

According to Ripple CEO Brad Garlinghouse, the conclusion of the Ripple v. SEC litigation could take place around the end of the first quarter of 2023. A successful resolution might push the price of XRP back near its all-time high of $3.40 and perhaps further around $50.

According to a recent projection by Finders’ panel, if the blockchain firm prevails in the lawsuit, the price of XRP might reach $3.81 by the end of 2025. One of the panel’s most upbeat participants, Craig Cobb of Tradercobb.com, predicted that the price of XRP might reach $1 by December 31, 2022.

“The crypto market loves to jump on a bandwagon and XRP winning its case in a bear market could likely see herd mentality which will pump the price of this old-school top-10 coin.”

Martin Froehler, CEO of Morpher, was the panellist from Finders who expressed the most optimism. He thinks XRP will increase in value to $5 by 2025. If Ripple prevails, he believes it will be “a major success for the entire crypto business.”

Technically speaking, if the double-bottom pattern holds true, the price of XRP might rise up by 45%.

A prolonged downturn is followed by the appearance of a double bottom, a bullish pattern. Support at the second bottom typically triggers a bullish trend turn, enabling buyers to seize the initiative. When the anchor at $0.42 in the case of XRP was tested, the rebound started immediately.

The 50-day SMA (Simple Moving Average), shown in red, and the 100-day SMA, shown in blue, are currently the price resistance levels for XRP. For the price of XRP to support a 22% advance from the breakout point (neckline) to $0.66, this selling congestion zone must be weakened.

A purchase signal is displayed by the MACD (Moving Average Convergence Divergence). Before placing a big bet in favour of a favourable outcome, traders should wait for the MACD to pass above the mean line.

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