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"""XRP: Must Rise 70% to Regain $1 Peak After Market Turmoil"""
The price of XRP, RippleNet's native token, has remained below $1 for several months despite a broader cryptocurrency bull run. The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC), which alleges that XRP is an unregistered security, has cast a shadow over the future of the token and dampened investor sentiment. Bearish sentiment in the cryptocurrency market has also limited XRP's growth potential. However, some analysts predict a rapid rise in the price of XRP, citing its usefulness on RippleNet and its growing list of institutional partners. Others, however, remain cautious due to ongoing legal battles and market volatility.
This Thursday, the 13th, bitcoin presents a price correction after the meeting of the Federal Open Market Committee in the USA (FOMC). After showing a significant increase at the beginning of the week with encouraging data on inflation in the US, the main cryptocurrency is trading in the red. At the moment, bitcoin is priced at US$68,068, down approximately 1.5% in the last 24 hours, according to data from CoinMarketCap. In the last seven days, the world's largest cryptocurrency by market value has fallen 4.2%
With each drop in coins, we see a lot of people posting fake news alleging various reasons for you to sell your coins at the drop. Don't fall for it, we are on a sudden rise. $BTC $ETH $BNB