XRP

XRP's price rally comes on the heels of a potential lawsuit win for Ripple versus SEC.

[buying the rumor](https://cointelegraph.com/news/buy-the-rumor-buy-the-news-btc-price-passes-63k-as-us-bitcoin-etf-launches) in the run-up to the Ripple vs. In other words, the XRP/USD pair could drop to $0.31 by the end of 2022, down almost 40% from Sept. [Ripple and SEC filed motions](https://cointelegraph.com/news/ripple-sec-case-heads-for-conclusion-after-summary-judgment-filed) [ for a summary judgment with the court on Sept. XRP/BTC has already corrected by nearly 10% from its 13-month peak, as shown in the chart below. An extended pullback from the trendline resistance could see XRP test its near-term horizontal trendline support as its next downside target. The percentage of entities holding between 1 million and 10 million XRP tokens — known as sharks and whales — has risen as a whole to 6.35% on Sept. Every investment and trading move involves risk, you should conduct your own research when making a decision. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a 35% price rally versus Bitcoin in one day. Meanwhile, the same timeframe saw XRP rising as much as 42% But while it remains to be seen if this will then turn into "sell the news," depending on the outcome of the ruling, XRP's technicals are hinting at a potential correction. Securities and Exchange Commission (SEC). 23, 2022, up from 5.43% on Dec.