Since the start of the lawsuit filed against Ripple by the United States Securities and Exchange Commission (SEC), the digital token XRP has been struggling to maintain a price uptrend.
In November 2021, XRP managed to rally above the $1 resistance level but ended the rally with a massive plunge below the crucial support level.
Read Also: On-Chain Data Says XRP Has Potentially Entered Underbought Zone. Here’s What It Means
76% XRP Price Jump Set For March
Despite the market uncertainty, a CoinMarketCap community with an 82% historical accuracy in relation to the crypto market prediction, has projected a bullish outlook that places the price of XRP at $0.93 by the end of February.
The prediction reportedly received 3,339 votes. Mathematically, the target represents 57% price jump from current prices.
Moreover, the community also voted in favor of XRP hitting $1.05 by the end of March, which represents a 76% price surge from current prices.
Read Also: XRP Displaces SOL, Drops about $20 Billion As Solana Network Keeps Going Offline
The price prediction points to a bullish outlook that can be viewed as good news for Ripple and XRP enthusiasts factoring in aspects affecting the token concerning the SEC lawsuit. The lawsuit claims that the cryptocurrency was massively sold as an unregistered security by its major distributor Ripple, the San Francisco-based cross-border payment firm.
Read Also: Credible Crypto: Bitcoin Looks Great but XRP May Soon Take the Spotlight
It can be recalled that Ben Armstrong, a popular crypto trader and YouTuber, also has the same bullish outlook for XRP. In one of his tweets a few days, he said XRP will eventually make its holders happy.
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