The breakthrough decision designating XRP as a non-security and ending the protracted legal struggle involving its parent company, Ripple, and the U.S. Securities and Exchange Commission (SEC), significantly increased the value of the coin.
In a landmark decision, a U.S. court decided in Ripple's favor, concluding that the company had not broken federal securities laws when it sold XRP tokens on various public exchanges. This important decision sent the value of the cryptocurrency skyrocketing by close to 50%. In a later turn of events, XRP gave up all of those gains, though. The price of Bitcoin decreased during this retracement, falling from $31,000 to briefly hover around $25,000 at one point.
Finbold looked for more viewpoints because the outlook for XRP is still uncertain, particularly given that Ripple and the SEC are likely to rejoin the courtroom in 2024 as a result of the regulator's appeal of the initial ruling. We used PricePredictions.com, a popular website with powerful machine learning algorithms, to get more information about the likely trajectory of XRP's value in the near future, especially as September comes to an end.
According to the data gathered by Finbold on August 31, XRP is anticipated to trade at $0.52 on September 30, 2023, according to the projections made by the tool. In comparison to the cryptocurrency's current price at the time of publication, the predictions point to a modest increase.
