After a long downtrend that consumed the entire cryptocurrency market, one of the biggest coins, Ripple (XRP), is meeting the crypto community’s expectations for the end of June.
The crypto community thinks Ripple will reach $0.66 by the end of June
According to the latest estimates using CoinMarketCap’s “Price Forecasts” tool, the XRP price will average 0 on June 30, 2022. It is estimated to be traded at $ 66. Specifically, the estimates averaged $0.06594. This expectation represents a 58.39% increase from the current $0.4163 XRP price. 1,934 people took part in the survey, and 926 people predicted the price would be higher than $0.7261 by July 31.
Since the beginning of the year, XRP has been steadily trending downwards. It fell from $0.84 on January 1 to the current $0.4163. In total, there was a decrease of 50.44%. It is currently trading at $0.3993 after a slight recovery in the recent days.
Roadmap and SEC litigation
Positive sentiment for software company Ripple, independent of XRP but a major player in the XRP ecosystem, expanding its workforce in India This may be due to recent announcements about their plans. On top of that, Ripple’s CEO Brad Garlinghouse announced in early May his company’s commitment to invest $100 million to modernize carbon markets around the world. It planned to do this by investing in decarbonization companies and supporting growth in the carbon credit tokenization function.
Meanwhile, Ripple (XRP) is still fighting a turbulent legal battle against the SEC. Recently, both parties agreed to hold their closing briefings before the beginning of the year, adjourning the end of the case to 2023. As we covered in the cryptokoin.com news, the Blockchain company previously expected completion in the second half of November 2022.
“The SEC is just a bump for Ripple”
In a recent interview, RippleNet Managing Director Asheesh Birla made some striking statements about the company’s litigation process with the SEC. In some of his statements, the young executive says that the technology of Ripple Blockchain will replace today’s train system SWIFT. Details can be found in this article.
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