XRP Price Prediction: Increase by 20% or Decrease Nearly 30%

According to CryptoPotato, XRP closed at $0.61 at the end of the first quarter, with future price fluctuations predicted to be between a 20% increase and nearly a 30% decrease. The asset's price may be affected by the upcoming Bitcoin halving and the outcome of Ripple's lawsuit with the U.S. Securities and Exchange Commission (SEC). Ripple's XRP experienced severe volatility in the first quarter of this year, eventually returning to its starting point of $0.61. Well-known X user EGRAG CRYPTO predicts that there are two possible scenarios in the coming months: prices could rise above $0.75 or fall below $0.44. This expert believes that it is "clear" that XRP will reach a new historical high over $10 but advises investors to cash out some profits when "needed". EGRAG CRYPTO said: “Our path is clear, but remember to ensure profit along the way if you need it because I would do so."

Previously, this analyst claimed that due to XRP closing above its 21-day exponential moving average (EMA) for more than six months, it was expected to welcome a bull market soon. Key factors potentially driving short-term upward momentum for XRP include an upcoming Bitcoin halving (expected at end-April) and progress in litigation between Ripple and SEC - note their trial is set for April 23rd . Last year, Ripple achieved three partial victories in court and currently has an upper hand; should they secure decisive victory it could drive up XRP prices while conversely hindering industry progress leading towards stricter regulations.