XRP Price Prediction – Can XRP Hit $4 By 2023?
XRP continued its bullish trend over the weekend - although suffered a sharp sell-off on Monday before finding support.
The seven-day chart is still extremely bullish with XRP up 16% compared to this time last week and 45% over the past month.
XRP had been as high as $0.54 in the early hours of Monday before a retraction to its current price of $0.5158.
Trading volume for XRP remains huge and trails only Bitcoin, Ethereum and the three largest stablecoins (USDT, USDC and BUSD).
While the overall crypto market was down by 0.4%, to $936 billion, XRP increased by a massive 61% to $2.2 billion.
As CryptoNews analyzed on Saturday, XRP remains a bullish play in the short term.
Bulls have taken over the market and wider market sentiment is positive given the impression that Ripple could win its two-year lawsuit against the US Securities and Exchange Commission.
October is a traditionally bullish month for the crypto market and, as noted in the article above, the Fibonacci retracement remains in play that could see XRP breakout to as high as $0.65 to $0.70.
There has been a lack of big news on the court case in the last week, but investors remain optimistic that Ripple is heading toward a landmark win.
Previous landmark announcements saw a US District Judge allow Ripple to use the emails of a former SEC employee as part of their defense.
The emails, by former Corporation Finance Division Director William Hinman, see him allegedly describe Ethereum as not a security.
They are a cornerstone of the Ripple defense, with the company denying XRP is a security as its ICO never included an investment contract.
They argue that finding XRP as a security would mean gold, silver and art should be considered securities - they are currently counted as
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