XRP Price Forecast: Anticipating the Next 48 Hours

Crypto News– CryptoLaw’s founder, John Deaton, has outlined a scenario that could result in a 99.9% victory for Ripple in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a post, Deaton refuted claims suggesting that the SEC has a 50-50 chance of winning the lawsuit and instead argued that the odds are more in Ripple’s favor, around 90-10. He even suggested that the chances of legal victory could soar to 99.9% if Ripple ends up paying penalties of $20 million or less.

XRP Price Forecast: Anticipating the Next 48 Hours

Ripple (XRP) currently holds the fifth position in the cryptocurrency market based on its market capitalization, as per CoinMarketCap. Over the last 24 hours, XRP has seen a 2.26% increase in price, reaching $0.6875 at the time of writing. This surge has pushed its total market capitalization to approximately $36.863 billion.

The 24-hour price increase adds to XRP’s positive performance for the week, with the token showing a gain of over 19.8% over the past 7 days.

In addition to the price increase over the past 24 hours, XRP has also witnessed a significant uptick in its daily trading volume. According to CoinMarketCap data, the trading volume has surged by 41.30% to reach $3,358,890,497 at the time of reporting.