The latest happenings hovering around Ripple and XRP seem to be indications that this new month might be a favorable one for the crypto outlet, especially in the aspect of improving XRP’s market value.
While it may seem as though the protracted lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) may take a significant twist, the court recently denied the SEC’s motion to file an interlocutory appeal, spewing excitement among XRP enthusiasts.
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Judge Torres has now urged the agitated parties to seek settlement via peaceful resolution of their pending differences.
While previous moves for concessions between the SEC and Ripple never ended positively, it is left to see how a potential settlement attempt will unfold.
Meanwhile, amid these developments, XRP appears to be doing relatively well compared to last month, when it fell below the $0.50 resistance level. In October, the digital asset seemed poised for exponential growth as it maintained price levels below or a little above the $0.52 price region.
With the recent turnout of events, it does not appear out of place to at least have a glimpse of what XRP’s potential price could be by the end of October. This insight shall reveal XRP’s October 31 price based on a machine learning algorithm’s perspective.
Machine Learning Algorithm’s Insight On XRP’s Price
Taking into consideration some significant market indices and variables like moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and more, the machine learning algorithm model projected XRP at a $0.550420 price level by October 31.
The projected price level implies that XRP would invariably spike by 5.8% from its current selling price of approximately $0.52.
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XRP Projected To $130
Per one of our previous reports, a renowned crypto analyst and XRP enthusiast with the pseudonym XRP CAPTAIN on the X app projected XRP to a remarkable $130 price high.
According to the crypto analyst, XRP’s possible ascent to the $130 price mark will depend on the settlement between Ripple and the U.S. Securities and Exchange Commission scheduled for the same month as the Bitcoin halving.
Meanwhile, at the time of writing, XRP is ranked 5th on CoinGecko with a market capitalization of $27,776,264,767 and a fully diluted valuation of $52,100,981,030. It is left to see how events unfold as anything is possible in the crypto sphere.
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