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.
The victory was considered monumental for Ripple, as the prolonged lawsuit came to an end. However, the surge was short-lived until now.
XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.551043, with a 1% drop in value over the past 24 hours. XRP is up by 13.5% over the last 7 days and 9.7% in the last 30 days. Here is our price prediction for Ripple XRP for November.
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Ripple price prediction for November 2023
Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for November. According to the analysts, XRP is forecast to reach a minimum of $0.566 and a maximum of $0.725. The average price of XRP is expected to be $0.646.
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 along with the whole cryptocurrency market.