According to nearly 900 users on CoinMarketCap’s cryptocurrency price estimates, on average respondents predicted that XRP would end the month of March trading at $0.414 per token, up from around $0.378 the cryptocurrency is currently trading for, or nearly 10% more.
This cautious outlook reflects the uncertainty surrounding XRP’s regulatory status, which has been a source of controversy in the cryptocurrency world. XRP has faced legal challenges from the US Securities and Exchange Commission (SEC), which has accused Ripple Labs, the largest XRP market player, of selling the cryptocurrency as an unregistered security. Ripple has denied these allegations and has fought back against the SEC’s case.
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