XRP’s October outlook has a host of possibilities thanks to these reasons

ambcrypto.com:

If you have been following up on XRP’s price action and the SEC-Ripple lawsuit, then you may have noticed some correlation. XRP delivered a bullish performance in the second half of September. The shifting dynamics of the lawsuit in Ripple’s favor may have had a heavy hand in influencing bullish sentiments.

Here’s AMBCrypto’s Price Prediction for XRP for 2023-24

The hype around lawsuit-related developments fueled a strong XRP rally, one that revived bullish prospects. In fact, the altcoin also managed to register a breakout above its long-term descending support. This performance may set the stage for what comes next if the market does not suffer another unexpected crash.

A final ruling is expected soon given that the legal battle is at its tail end. So far, the case has been leaning in favor of Ripple Labs, especially because the SEC did not have a watertight argument to win the case. This was the main reason behind the rally in the second half of September.

On top of that, Ripple Labs has been aggressively expanding its services, with the blockchain firm being recognized among the year’s top Fintech 250.

— Ripple (@Ripple) October 4, 2022

On the price action front, XRP hit a new local peak of $0.55 before tracing to its $0.44 press time price. An expected outcome, especially given that some profit-taking always takes place after a big run-up.

Source: TradingView

The key thing to note here is that XRP has been holding on well to most of its recent gains. Additionally, it has enjoyed some upside