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Tuesday, April 23, 2024

Ripple Price Forecast: Coinbase CEO Brian Armstrong speaks out loudly on XRP

Coinbase CEO Armstrong shows support for Ripple amid the battle with the SEC, fueling speculation about a possible XRP relisting.

Coinbase CEO Brian Armstrong has clearly sided with the crypto fintech in the dispute between Ripple and the US Securities and Exchange Commission. In a number of recent tweets , Armstrong wrote that the company’s case appeared to be “going better than expected.” Armstrong emphasized that it was “politically undesirable” to launch attacks on the crypto industry and thus also the. Affecting investors. The head of the largest American stock exchange also takes up Ripple’s argument that the SEC harms consumers rather than protecting them:

The irony is that the people they [the SEC, ed. Red.] Supposedly protect, are those who attack them.

Well: That Brian Armstrong, as head of one of the largest crypto exchanges, jumps into the breach for the crypto company, is not surprising. However, it has Coinbase even after the disputes with the SEC trading Ripples XRP token exposed . After his tweets, there is now speculation about whether Coinbase will soon list XRP again. 

Will Coinbase list XRP again anytime soon?

Recently, rumors of a renewed XRP listing by Coinbase have been making the rounds on social media. Last month, XRP trading pairs actually appeared in the Coinbase app. However, this was apparently a bug:

As previously announced, Coinbase has suspended trading in XRP. Due to a technical problem, XRP was temporarily visible on the Coinbase Pro mobile app for some customers, but could not be traded.

, the company clarified a little later on Twitter . Despite the legal problems, XRP has not let itself get down. Ripple CEO Brad Garlinghouse recently criticized the US Securities and Exchange Commission with clear words . Meanwhile , crypto mogul Mike Novogratz noted that the value of the cryptocurrency has tripled since the agency filed its lawsuit:

XRP Didn’t Crash This is proof that communities once formed with common interests are darn resilient

Mike Novogratz on Twitter

, that’s his statement . 

After many Kryto exchanges initially took an example from Coinbase and in turn suspended trading with XRP, Ripple has recently been able to gain more and more new business partners. The transfer service provider GME Remittance is a current example of this. Be that as it may, Armstrong and Garlinghouse seem to agree that the 1930s laws that the SEC continually invokes are not conducive to the “technological revolution.”

XRP Price Prediction 2021 to 2022

If you’re looking to buy XRP right now and require some information on the coin’s outlook, then look no further. Found below is a breakdown of our XRP price prediction for the months to come, incorporating technical, fundamental, and news-based analysis to ensure an appropriate XRP forecast.

One Month – Strong bullish momentum for XRP began in July and has continued into August. Our XRP projections expect XRP to reach the $1.60 level within the next month.

Three Months – Expect to see some consolidation between the $1.60 and $1.70 levels, as there does appear to be some strong resistance in this area. However, if the momentum continues, we can expect XRP to head towards the highs of $1.95 within the next three months.

Start of 2022 – Our XRP prediction for the beginning of 2022 sees the coin break past the highs of April 2021 and head to the $2.2 level. After this, we can expect XRP to continue heading upwards throughout 2022 and return to the all-time highs of January 2018

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