XRP keeps climbing, analists predict $1 by end of month

Just as Bitcoin struggles to hang on to the $30k price level and has been going downhill in recent days, XRP on the other hand continues to rise ever since Judge Analisa Torres’ ruled last week in its favor.

Analysts foresee increasingly higher price targets for the coin from Ripple Labs, while larger investors are now also showing an interest (if the latest news is to be believed). Will XRP reach the $1 level before the end of the month?

XRP winning this case against the SEC is 10x more bullish to me than any ETF

— K A L E O (@CryptoKaleo) July 13, 2023

Security

After Judge Analisa Torres made an important decision for the entire cryptocurrency market in the lawsuit between Ripple Labs and the SEC, namely ruling that XRP was not a security and that the issuance and subsequent sale by the blockchain company Ripple did not form any securities sales (as the SEC had argued), the XRP coin has registered a fabulous price increase.

Request 01 - $XRP

Mega move, for scalps I’d be interested in the ranges of $0.65-0.69 on this one.

If that sweeps happens, probably we’ll have a new leg up after. pic.twitter.com/SPWyFfdC7N

— Michaël van de Poppe (@CryptoMichNL) July 14, 2023

In the days following the favorable ruling, XRP crossed the critical $0.80 mark several times.

$XRP BREAKOUT IMMINENT! pic.twitter.com/4NElQLpZJy

— DustyBC Crypto (@TheDustyBC) July 19, 2023

In particular, the initial surge, which saw XRP rise from $0.475 to $0.8714 within hours of the court ruling, led some crypto analysts to predict that XRP could reach a price level above $3 before the end of this year.

Exciting move by Ripple! Investing in Futureverse’s AI and metaverse tech is a game-changer. $XRP prices surging!

Futureverse’s AI tools for metaverse content generation look promising.

I am #HODLing my bags 🚀 pic.twitter.com/2bqtRmYy99

— Elite Crypto (@TheEliteCrypto) July 19, 2023

Several annalists now claim that if XRP continues to ride the bullish wave started by the favorable SEC court ruling, it has a chance of hitting the $1 level in the coming weeks and even its all-time high (ATH) of $3,40, listed in January 2018, seems possible by the end of the year.