US Judge Rules Ripple’s XRP Not a Security, Price Prediction for the Weekend

In a recent development that has sent ripples through the cryptocurrency market, a US judge has ruled that Ripple’s XRP should not be classified as a security. This decision has had a significant impact on the price of XRP, causing a surge in the market. However, this surge was short-lived, and XRP’s price has not been able to maintain the same level as other altcoins.

Currently, XRP is trading at $0.6097, with a 1% drop in value over the past 24 hours. Over the last 7 days, XRP has seen a 4.9% increase, but it is down 12.8% in the last 30 days. Despite the recent ruling in favor of Ripple, the lawsuit against the company continues with no clear closure date in sight.

Cryptocurrency experts at Changelly have provided a price prediction for XRP for the upcoming weekend. According to their analysis, XRP is not expected to reach the $1 level this weekend. Instead, they forecast a minimum price of $0.77 and a maximum of $0.828. The price of XRP briefly reached $0.8875 following the judge’s ruling, but has since experienced a decline.

The overall cryptocurrency market is currently trading in the red, with XRP underperforming compared to other assets. The ongoing lawsuit with the SEC has clouded Ripple’s regulatory standing, but the company has secured several legal victories in the past year, renewing hopes for a settlement.

As certainty returns to XRP’s outlook, traders may start to rotate back into this controversial asset. Despite its challenges, Ripple’s recent legal wins have improved its standing in the market, and there is optimism for the future of XRP.