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 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.
XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.48973, with a 0.6% drop in value over the past 24 hours. XRP is up by 0.5% over the last 7 days and 2.1% down in the last 30 days. Here is our price prediction for Ripple XRP for October end.
Ripple price prediction for October end 2023
Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for October end. According to the analysts, XRP is forecast to reach a minimum of $0.488 and a maximum of $0.675. The average price of XRP is expected to be $0.581.
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.