Ripple News: XRP Price Trajectory Amidst Legal Battles and Market Trends

On Aug 30, 2023

In recent weeks, Ripple’s price has mostly been in a downtrend after facing resistance at $0.9. As it tries to recover, a few factors could impact its price. An important event is the upcoming SEC appeal following a judge’s ruling that XRP is not a security.

Ripple’s legal team is getting ready to address the SEC’s appeal against Judge Torres’ decision. Pro-XRP lawyer John Deaton is now looking at former SEC official William Hinman’s speech and how the Howey Test applies to XRP.

So many will hate on you for holding $XRP, but in my opinion it is one of the most bullish opportunities we have in this space.
Think about the ups and downs in the past few years. Now also think about all the negative FUD, headlines, and SEC scrutiny. #XRP never budged from the… pic.twitter.com/vSE1MUQmUJ
— Nick | Crypto Crusader (@NCashOfficial) August 29, 2023

XRP has been on a rollercoaster ride in recent years, facing ups and downs along with regulatory attention. Through it all, XRP has remained a steadfast top-10 contender, showcasing its underlying strength amidst doubts. According to the analyst Crypto Crusader, what truly matters isn’t just the price, but the ability to maintain a high rank over time.

He explained, “Everyone is always focused on the price of XRP, but fail to see the value of remaining a top 10 project for this long. I also see XRP as a top 10 project for many cycles to come from the value being created on the #XRPLedger.”

He believes the future crypto market could be worth $5 trillion to $10 trillion. If XRP stays in the top 10, its value might go up to $500 billion to $1 trillion. This depends on more companies using blockchain tech without people even realizing it.

He wrote, “In the next cycle many believe we could see $5T-$10T in marketcap. If this is the case and XRP is still in the top 10, would it be crazy to assume that XRP could be worth $500B-$1T in marketcap?”

The yearly XRP chart shows a rising trend with ups and downs. The highest point at $3.32 and the subsequent drop are part of this pattern. This suggests XRP could go up more, considering market trends and upcoming events.