The CEO of Ripple Predicts That the XRP Lawsuit Will Be Settled in the Upcoming Single-Digit Months

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Brad Garlinghouse, the CEO of Ripple, has forecast that the company’s XRP litigation will conclude before the end of June this year. He asserted that he will almost surely receive a ruling from a judge very soon. The firm is still hopeful that the final verdict will be heard in the coming single-digit months, even though no one can control when a court makes its decisions.

Remember that since December 2022, this litigation has been a bothersome issue. The Securities Exchange Commission claims that Ripple sold XRP, its native token, without authorization. This assertion has been debated for a very long time. However, if the judge decides to render the final judgment in favor of Ripple any time soon, the value of XRP would probably rise as investors view it as a reliable, affordable, and safe asset.

Key XRP Levels To Watch – January 18

Currently, the price is at the diagonal resistance, and with the confluence of this and the indication of the Stochastic indicator, XRPUSD might head downward. The current phase of the market began its downward trend at the 0.9950 supply zone. Ever since then, the price has been algorithmically declining downward.
The CEO of Ripple Predicts That the XRP Lawsuit Will Be Settled in the Upcoming Single-Digit MonthsThe Stochastic indicator shows that the market is coming from an overbought region. Should the market bounce off of the diagonal resistance and continue its downward trend, XRPUSD might remain bearish until the 0.3000 support is breached.

XRP Key Levels

Resistance Levels: $0.5590, $0.5100, $0.4190
Support Levels: $0.3000, $0.2350, $0.1690

Total Market Capitalization: $966.28B
XRP Market Capitalization: $19.64B
XRP Volume: $1.42B
Market Rank: #6

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.