Before the SEC vs. Ripple lawsuit is resolved, Edoardo Farina, CEO of Alpha Lions Academy and head of Social Adoption at XRP Healthcare, has issued a warning against selling XRP. The crypto and XRP communities have responded to this, with some siding with Farina and others claiming that it is a waste of time for investors to wait for summary judgement in the ongoing lawsuit. The majority of cryptocurrency analysts and influencers think that the lawsuit hindered XRP’s development and slowed its growth. Several influential members of the cryptocurrency community, including BitBoy and Peter Brandt, have backed XRP. With a $3 minimum target price, Peter Brandt forecast a bullish price movement for the asset.
The price of XRP is currently trading in opposition to these optimistic statements, having fallen by 0.91% over the past 24 hours and giving up its 7. day price increase by 10.9%. Technical indicators indicate a bearish trend for the token, with Edoardo Farina indicating a buy signal while the Oscillators indicate a sell.
