In a recent significant development, a US judge handed down a ruling that determined Ripple’s XRP should not be classified as a security. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market.
However, the surge was short-lived. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.5103, with no major value over the past 24 hours. XRP is down 10% over the last 7 days and 18.4% in the last 30 days. Here is our price prediction for Ripple XRP for February.
Also read: Dogecoin (DOGE) February Price Prediction
Ripple price prediction for February 2024
Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for February. According to the analysts, XRP is forecast to reach a minimum of $0.544 and a maximum of $0.674. The average price of XRP is expected to be $0.609.
Also read: Ripple (XRP) Is Poised For A Massive Breakout; Here’s When
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. However, the price has plunged. In comparison to Ripple’s performance, the whole cryptocurrency market seems to be trading in the red.