XRP Price Prediction as Ripple CEO Sees Long Appeal Process for SEC in Lawsuit – Will the Decision be Overturned?

cryptonews.com:

The XRP price has gained by 4% in the past 24 hours, with the coin's move to $0.748896 representing a 60% gain in the last seven days.

This market-trouncing surge follows Ripple's success in its long-running legal battle with the SEC, with the presiding judge issuing a ruling last week which sided with the cryptocurreny firm on a significant number of counts.

However, it's possible that some of XRP's momentum has been undercut a little in the past couple of days by talk of the SEC appealing the case's outcome, something which many experts believe the regulator will do.

But any such appeal is likely to come only after the case has completely ended (after a full trial on the question of the role of Ripple's CEOs in selling XRP to institutions), meaning that XRP may continue its very strong rise over the next few months, if not longer.

XRP's momentum remains (unsurprisingly) very strong, yet its indicators suggest that it could still continue rising over the coming days and weeks.

Not only is XRP's relative strength index (purple) hovering above 70, but its 30-day moving average (yellow) has yet to overtake its 200-day average (blue).

This means that the altcoin still has plenty of space left to rise before it becomes overbought and in need of a downwards correction.

Indeed, XRP had arguably been so oversold and undervalued for so long that it requires a sustained rally in order to compensate for two years of neglect.

We had been predicting that the altcoin would potentially rise to $1 in the weeks following a positive decision in Ripple's case, and such a forecast remains entirely credible.

As noted above, some observers have been bothered by the possibility of SEC of appealing aspects of Judge Analisa Torres' decision, including