Despite its fight with SEC, and being abused as PUMP and DUMP coin in cryptocurrency market, Ripple (XRP) have proved that it still has potential to replace the way our current and traditional banking/financial system works.
Ripple Price Analysis: 21-Day SMA Breakout Raises Hope for XRP Sellers
XRP / USD marks a corrective pullback from an intraday low of 0.5503, with rates rising around 0.5622 early Wednesday. That being said, the ripples are struggling with the 21-day SMA amid bearish MACD signals. Not only is the recent drop below the 21-day SMA, steady trading below the 10-day SMA and the downtrend line from November 25th are also attracting XRP / USD bears.
Ripple continues to battle the United States Securities and Exchange Commission (SEC) and it seems the blockchain company now has the support of former SEC Chair Mary Jo White, who is defending Ripple and its CEOs in the suits. While states that the commission she once led is “dead wrong” in this case.
Speaking at an interview with the Fortune Magazine, White who served as the 31st SEC chair from 2013-2017 highlighted the various problems with the ongoing Ripple lawsuit. “There’s no way to sugarcoat it. They’re dead wrong legally and factually,” she said.
Firstly she pointed out the odd timing of the lawsuit and the lengthy investigation the preceded it. White stressed that the case was filed when several senior SEC officials were at the end of their term, including former chair Jay Clayton. However, the allegations in the suit are dating back to 2012.
“As a former U.S. attorney and SEC chair, you know that when it takes that long to figure out a case you probably shouldn’t be bringing it. It’s not something I would do walking out the door.”
White discussed the lack of regulatory clarity for the cryptocurrency industry, adding that it detracts from the legitimacy of the SEC’s case against Ripple. She claimed that the lawsuit is arbitrary, citing the SEC’s decision to declare Bitcoin and Ethereum as ‘not security’.
Also Read: Is Stellar Lumens (XLM) a good investment in 2021
Ripple Price Forecast: Pivot, Resistance and Support Levels for Day trading
Resistance Level (R3): 0.616
Resistance Level (R2): 0.587
Resistance Level (R1): 0.568
Pivot Point: 0.538
Support Level (S1): 0.519
Support Level (S2): 0.490
Support Level (S3): 0.471
Ripple Price Prediction for February 2021 . The course at the beginning of the month is $ 0.47. The maximum rate is $ 1.05, the minimum is $ 0.35. Average monthly rate $ 0.71. Ripple rate forecast at the end of the month is $ 0.98, change for February is 108.5%.
Ripple forecast for March 2021 . The course at the beginning of the month is $ 0.98. The maximum exchange rate is $ 1.22, the minimum is $ 0.98. Average monthly rate $ 1.08. Ripple rate forecast at the end of the month is $ 1.14, change for March is 16.3%.
Ripple Price Prediction for April 2021 . The course at the beginning of the month is $ 1.14. The maximum exchange rate is $ 1.41, the minimum is $ 1.14. Average monthly rate $ 1.25. Ripple rate forecast at the end of the month is $ 1.32, change for April is 15.8%.
Ripple forecast for May 2021 . The course at the beginning of the month is $ 1.32. The maximum rate is $ 1.32, the minimum is $ 1.03. Average monthly rate $ 1.20. Ripple rate forecast at the end of the month is $ 1.11, change for May is -15.9%.
Ripple Price Prediction for June 2021 . The course at the beginning of the month is $ 1.11. The maximum exchange rate is $ 1.38, the minimum is $ 1.11. Average monthly rate $ 1.22. Ripple rate forecast at the end of the month is $ 1.29, change for June is 16.2%.
Ripple forecast for July 2021 . The course at the beginning of the month is $ 1.29. The maximum exchange rate is $ 1.37, the minimum is $ 1.19. Average monthly rate $ 1.28. Ripple rate forecast at the end of the month is $ 1.28, change for July is -0.8%.
Ripple Price Prediction for August 2021 . The course at the beginning of the month is $ 1.28. The maximum rate is $ 1.28, the minimum is $ 1.01. Average monthly rate $ 1.17. Ripple rate forecast at the end of the month is $ 1.09, change for August is -14.8%.
Ripple forecast for September 2021 . The course at the beginning of the month is $ 1.09. The maximum rate is $ 1.31, the minimum is $ 1.09. Average monthly rate $ 1.18. Ripple rate forecast at the end of the month is $ 1.22, change for September is 11.9%.
Ripple Price Prediction for October 2021 . The course at the beginning of the month is $ 1.22. The maximum rate is $ 1.52, the minimum is $ 1.22. Average monthly rate $ 1.35. Ripple rate forecast at the end of the month is $ 1.42, change for October is 16.4%.
Ripple forecast for November 2021 . Course at the beginning of the month $ 1.42. The maximum exchange rate is $ 1.42, the minimum is $ 1.14. Average monthly rate $ 1.30. Ripple rate forecast at the end of the month is $ 1.23, change for November is -13.4%.
Ripple Price Prediction for December 2021 . The course at the beginning of the month is $ 1.23. The maximum rate is $ 1.26, the minimum is $ 1.10. Average monthly rate $ 1.19. Ripple rate forecast at the end of the month is $ 1.18, change for December is -4.1%.
Ripple forecast for January 2022 . The course at the beginning of the month is $ 1.18. The maximum exchange rate is $ 1.47, the minimum is $ 1.18. Average monthly rate $ 1.30. Ripple rate forecast at the end of the month is $ 1.37, change for January is 16.1%.
Ripple Price Prediction for February 2022 . The course at the beginning of the month is $ 1.37. The maximum rate is $ 1.37, the minimum is $ 1.07. Average monthly rate $ 1.24. Ripple rate forecast at the end of the month is $ 1.15, change for February is -16.1%.
Ripple forecast for March 2023 . The course at the beginning of the month is $ 0.86. The maximum rate is $ 0.86, the minimum is $ 0.70. Average monthly rate $ 0.79. Ripple rate forecast at the end of the month is $ 0.75, change for March is -12.8%.
