XRP Price Prediction as XRP is Not Named as a Security in Latest SEC Lawsuits – Can XRP Reach $10?
The XRP price has risen by 3% in the past 24 hours, with its move to $0.529440 outperforming many rival altcoins which have fallen in the wake of the SEC's legal actions against Coinbase and Binance.
Its current price means it has risen by 3.5% in a week and by 20% in the last 30 days, with the altcoin also rising by 55% since the beginning of the year.
It has been able to outperform much of the market partly because the SEC did not name it as a security in the aforementioned suits, although it's worth remembering that neither Coinbase nor Binance.US (which the SEC is targeting) list XRP.
However, with Ripple expected to secure a positive judgment or settlement in its own case with the SEC, XRP could be in line for some very big rallies in the not-too distant future.
XRP's indicators are in mixed positions, which is entirely unsurprising, given how turbulent the last few days have been for the market.
That said, the coin's relative strength index (purple) has risen from 40 yesterday to nearly 60 today, indicating an increase in positive momentum.
Similarly, XRP's 30-day moving average (yellow) has begun pointing upwards after flattening out a little bit yesterday, suggesting that the SEC's latest actions haven't impacted the altcoin too much.
Still, given that the situation remains relatively unstable, we could easily see XRP slip again in the short-term, even if its indicators are comparatively promising.
But in the medium- and long-term, XRP is an excellent position to rally strongly, given that Ripple has been making very encouraging progress in its case against the SEC.
Most recently, documents have emerged which revealed that the SEC had received legal opinion to the effect that XRP was not a security, with the disclosure of
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