In a significant recent development, a US judge ruled that Ripple’s XRP should not be classified as a security. However, the lawsuit is still ongoing and has yet to reach a proper conclusion. Due to this important decision, the price of XRP has experienced a notable surge in the market.
However, the spike is only temporary. The price of XRP is not too high compared to other altcoins. XRP is trading at $0.6219, with a 2.4% price increase in the past 24 hours. XRP has increased by 4% in the past 7 days and 24% in the past 30 days. This is our price prediction for Ripple XRP in mid-March.
Price Prediction for XRP in Mid-March 2024
Cryptocurrency experts at Changelly have made a price prediction for Ripple XRP in mid-March. According to analysts, XRP is predicted to reach a minimum of $0.755 and a maximum of $0.80. The average price of XRP is expected to be $0.770.
The price of XRP soared to $0.8875 when a US judge declared that XRP is not a security. It has boosted the price of Ripple, and some exchanges have relisted XRP. However, the price has sharply declined. Compared to the performance of Ripple, the entire cryptocurrency market seems to be trading in the red.
It is no secret that XRP has underperformed compared to the broader cryptocurrency market as the SEC’s lawsuit against Ripple has blurred its legal status.
However, Ripple has achieved a series of legal victories in the past year, pushing the case in a favorable direction and revitalizing hope for a resolution. As certainty returns to the prospects of XRP, the current technical correction indicates that traders may return to this controversial but high-growth asset.
