XRP Price Prediction as $600 Million Trading Volume Comes In – Can XRP Reach $10 in 2023?
As XRP records a $600 million trading volume, investors are wondering if the cryptocurrency can reach $10 in 2023. This XRP price prediction is fueled by recent developments in the XRP ecosystem, as well as a broader surge in the cryptocurrency market.
However, there are also factors that may limit XRP's growth potential. In this article, we will take a closer look at XRP's current market performance and the factors that may impact its future growth potential.
Crypto investors have been following Ripple's legal battle with the US Securities and Exchange Commission (SEC) for over two years. The SEC filed a complaint against Ripple Labs, the company behind XRP, claiming that the cryptocurrency is a security and that Ripple offered it to investors without legal registration. However, it is becoming increasingly difficult to predict the outcome of the legal case.
On February 23, cryptocurrency advocate and lawyer John Deaton proposed a scenario that could expedite a settlement if needed. Deaton tweeted that he believes Ripple's attorney will strongly advise a settlement if the SEC accepts in writing that all current and future XRP transactions are not securities. Deaton also expressed confidence that Ripple will emerge victorious and that the Supreme Court would not uphold the SEC's overreach.
On February 24, the US watchdog for corruption and whistleblowers, Empower Oversight, criticized the SEC for repeatedly denying transparency organizations access to material of public interest, particularly regarding the cryptocurrency industry.
Despite the legal concerns, many investors and experts remain bullish on the long-term potential for XRP/USD.
Punnoose Mathew, the managing director of Joyalukkas Exchange based in Dubai, announced
Read more on cryptonews.com
