The Securities and Exchange Commission [SEC] and Ripple’s dispute have gone through several stages. The cryptocurrency community is speculating about the case’s outcome as it approaches its conclusion.
The case has been ongoing for more than two years, and the conflict seems interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.717, with a 1% spike in value over the past 24 hours.
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XRP is down by 3.3% over the last 7 days and is 81.35% down from its all-time high of $3.84. Here is our price prediction for Ripple for August 2023.
Ripple price prediction for August 2023
Cryptocurrency experts at Changelly predicted the price of Ripple for August 2023. According to the analysts, XRP is forecast to reach a minimum of $0.769 and a maximum of $0.935. The average price of XRP is expected to be $0.852.
The price of XRP went as high as $0.8875 when a US judge declared that XRP is not a security. It provided a boost to the price of Ripple, and several exchanges relisted XRP.