XRP Price Forecast: Is A Bullish Rally In Store For Ripple? Key Factors And Predictions

Ripple (XRP) is one of the popular crypto assets that emerged after Bitcoin. The asset occupies 6th rank on CoinMarketCap platform based on market cap.

However, in recent times, XRP has experienced more bearish trends than bullish, particularly over the past six days. This trend can be attributed to lawsuit the United States Securities and Exchange Commission (SEC) filed against Ripple Labs, XRP, and its executives.

The SEC lawsuit, which began in 2020, has dramatically affected the price of XRP. When the lawsuit was first announced, XRP plummeted from $0.78 to $0.18 in a matter of days, reflecting the significant impact of the legal action.

It is over three years since the beginning of the lawsuit, but it is still ongoing, causing regulatory uncertainty for XRP investors. Also, the June 5 and 6 SEC lawsuits against top exchanges Binance and Coinbase affected the entire market rubbing off on the XRP price too. 

XRP Price Battles Ripple Effect Of SEC Lawsuit

The regulatory uncertainty surrounding XRP has undoubtedly affected its price and market sentiment.

In early June, Ripple (XRP) displayed a slight progression in its price. However, on June 5, the token declined and began ranging movements afterward. External factors influenced This price action, particularly the ongoing SEC case with cryptocurrency exchange Binance on June 5.

The next day on June 6, another news broke out about the SEC filing a lawsuit against another top crypto exchange Coinbase. This development added to the regulatory uncertainty surrounding XRP and impacted its price movement.

Since then, XRP has struggled to regain its price but hasn’t succeeded. Today June 28, XRP is trading at $0.4756, with a decline of 0.90% at the time of writing.

Meanwhile, the outcome of the SEC lawsuit remains uncertain. Until a resolution is reached, XRP’s price and overall market performance may react to the ongoing legal proceedings.

XRP Projects Short-Term Bearish Moves

Ripple (XRP) has been exhibiting signs of a bearish trend in the short term. The MACD histogram recently shows a new red bar, indicating that the bearish trend might continue.

The MACD line is also slightly below the signal line, further supporting the bearish sentiment. Furthermore, XRP trades below the 50-day Moving Average (MA), often considered a bearish signal.

However, the token remains above the 200-day MA, which could provide some support and potentially limit further downward movement.

The Relative Strength Index (RSI) value for XRP is 43.06, indicating a neutral sentiment. It suggests that the token is not yet oversold or overbought but leans slightly toward the bearish side.

Despite the bearish indications, XRP has encountered a support level of $0.47662, which could also prevent further decline and cause the token to bounce back up.

Experts’ Insight Into Possible Future Prices Of XRP In The Short And Long Term

According to DigitalCoinPrice’s forecast, XRP’s price trajectory for the remaining part of 2023 may achieve a peak price of $1.05.

DigitalCoinPrice also provides an average price projection for XRP in the range of $0.93. On the other hand, the platform’s analysis also considers a minimum price for XRP, estimated to be around $0.43.

According to CoinPedia, Ripple Labs’ institutional support and partnerships are expected to positively influence the company and its price volatility.

The growing recognition of Ripple’s technology and its increasing adoption may lead to significant price surges for XRP, potentially reaching its annual peak price of $1.8157 in 2024.

However, it is important to consider the possibility of bearish market conditions and declining trading volumes, which could cause downward pressure on the price of XRP.

In this scenario, the price range for XRP could vary between $0.956 and $1.815, with an average price of $1.351.

Ripple is projected to establish more partnerships with European and Latin American banks, further promoting XRP and its payment technology.

These advancements hold the potential for significant price changes in XRP, attracting more investors and potentially driving the XRP price prediction for 2025 to a target of $3.0220.

However, it is crucial to acknowledge the potential occurrence of market crashes like those experienced in the past.

In the event of such crashes, considering both bearish and bullish sentiments, XRP’s price could fluctuate between $1.571 and $3.022, with an average price of $2.281.

Another analyst CryptoNewsZ also gave insight into XRP price, noting that in 2026 XRP may reach a high price of $1.95. The forecast also suggests a minimum price of $1.36 during the same year.

Moving forward, CryptoNewsZ provides price projections for subsequent years. In 2027, they anticipate a maximum price of $2.53 for XRP, indicating further potential growth in value.

The forecast extends to 2028, when the predicted maximum price rises to $3.28. In 2029, the forecast suggests a maximum price of $4.24, followed by a maximum price of $5.49 in 2030. 

These projections indicate an upward trajectory for XRP, with the potential for significant price appreciation over the years.

Throughout this forecast period, CryptoNewsZ predicts that XRP will hold a minimum price of $1.76.

Possible Driving Factors Of The XRP Market

The price of XRP, like any cryptocurrency, can be influenced by a combination of general market factors affecting the crypto industry as a whole and factors specific to XRP itself.

General crypto factors include market sentiment, regulatory developments, macroeconomic conditions, and overall cryptocurrency demand. 

These factors can impact the broader market and subsequently affect the price of XRP.

Recent Trader capitulation

An announcement highlighted a recent development indicating the likelihood of a higher price rally for Ripple’s XRP.

The announcement focused on a report from Santiment. This analytical resource suggests that despite a period of mild capitulation and profit-taking trades in the broader market, XRP has a higher probability of experiencing a price rally than other assets.

The report outlined that XRP’s failure to capitalize on the recent market rally has displaced its psychologically significant $0.50 level, causing some investors to resort to capitulation.

However, the Santiment report presented a different perspective, analyzing the “Ratio On-chain Transaction Volume in Profit/Loss” metric. According to Santiment’s analysis, while many assets in the market are witnessing profit-taking transactions, XRP stands out as having a higher likelihood of a price rally.

The report highlighted that XRP’s capitulation, in contrast to the profit-taking trend observed in other cryptocurrencies, could be a positive signal for potential price appreciation.

The SEC’s Lawsuit with Major Exchanges

The ongoing lawsuits between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchanges, including Ripple, significantly impacted the price of XRP and other tokens.

The SEC’s scrutiny extended beyond Ripple and targeted other prominent cryptocurrency exchanges such as Binance and Coinbase. Investigations and potential legal consequences these exchanges face have added to the overall negative sentiment in the market, affecting the token’s price.

In the early period of June, the price of XRP experienced a significant decline, partially attributed to legal battles and regulatory concerns.

Over the last seven days, the token’s price has fallen by 4.01%, highlighting the ongoing influence of these legal issues on XRP’s price dynamics, which will likely continue.

An Alternative To Ripple (XRP)

Launchpad XYZ (LPX) is a platform operating within the rapidly expanding Web3 space, poised to address critical challenges in decentralized web technology.

This innovative platform offers an enticing opportunity for early investors to contribute to its growth while benefiting from its promising future. The vision of the project goes beyond financial gains. Launchpad strives to empower developers and users to navigate the complex world of Web3 seamlessly through its robust and user-friendly platform.

The team behind Launchpad XYZ comprises industry experts and visionaries who possess deep domain knowledge and a shared commitment to advancing the adoption of decentralized technologies.

At the heart of the project is its native token, $LPX, which serves as the financial backbone for transactions and activities on the platform.

As the primary means of exchange, $LPX token holders enjoy various privileges, including accessing exclusive features and engaging in governance decisions.

Currently, the platform is in its presale stage, where it has already achieved remarkable success by raising over $1.06 million in funding.

Each $LPX token is available for purchase at $0.0445 during this presale stage. It presents an excellent opportunity for early adopters to secure their stake in this promising project at an attractive valuation.

In the following stage, each token will go for $0.046, and as the platform gears up for its official launch, Launchpad has projected that the value of each $LPX token will rise to $0.0565.