리플코인 전망Ripple (XRP), which ranks 7th in terms of virtual asset market capitalization, has been exciting investors by outpacing Bitcoin in the past week. As of the afternoon of the 18th, XRP is trading at 800 won per coin.
Experts are analyzing the cause of this surge as XRP’s technical indicators and the market’s reaction to recent changes in the regulatory environment. In particular, the recent positive legal judgment on XRP by the U.S. Securities and Exchange Commission (SEC) has had a major impact.
Recently, as the possibility of a settlement in the Ripple (XRP) lawsuit has been raised, it is attracting a lot of attention in the cryptocurrency market. CryptoGeek, a famous cryptocurrency analyst, confirmed the formation of a symmetrical triangle pattern on Ripple’s monthly chart and analyzed that this pattern is similar to the bull market in 2017, and that Ripple’s price could rise to as high as $320 (about 440,000 won).
If this upward outlook is realized, it is expected to rise by about 61,000% compared to the current price. Last weekend, Ripple attracted attention by rising to $0.592 amid the volatility of the cryptocurrency market.
The legal dispute over Ripple (XRP) in the cryptocurrency market is expected to come to an end in the third quarter of this year at the earliest. According to Coin Edition, a cryptocurrency media outlet, the U.S. Securities and Exchange Commission (SEC) plans to discuss settlement options with Ripple in a closed meeting on the 18th. This is adding strength to the possibility that the Ripple lawsuit will be resolved in the third quarter.
Lim Min-ho, a researcher at Shinyoung Securities, said, “When Ripple partially won its lawsuit against the SEC in the past, its price also rose significantly,” and “The current rise in Ripple is interpreted as being due to expectations related to structural issues.”
If Ripple wins and the lawsuit is concluded, it is expected to play a major role in resolving the legal opacity across the altcoin market.
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