• XRP experienced a 6% drop in the past 24 hours, currently trading at $0.49.
• Popular TradingView analyst Yuriy_Bishko mapped two possible outcomes for the XRP price action based on the Ripple case outcome in May.
• Ripple has continued to diversify into global markets with favorable crypto policies and is involved in CBDC whitepaper research for DEA.
XRP Price Drop
XRP experienced a 6% drop in the past 24 hours, currently trading at $0.49 after maintaining its position above the 50-cent mark for the past three weeks. However, it may be an indicator of a possible bearish trend in near future as investors await weekly close to determine bullish outlook for XRP.
Two Possible Outcomes For XRP
A popular analyst on TradingView Yuriy_Bishko mapped two possible outcomes for the XRP price action based on the conclusion of Ripple case in May: if Ripple is found guilty of selling unregistered securities, then XRP price could drop to nearest major support between $0.37-0.41; if blockchain payment company is acquitted and deemed a commodity, then underlying value will skyrocket with Bullish Targets For XRP being first target at $0.66, key level after that at $0.80, and then $1 which is huge resistance level .
Ripple Involved In CBDC Whitepaper Research
Amidst ongoing legal proceedings, Ripple has continued to diversify into global markets by getting involved in CBDC whitepaper research for Digital Euro Association (DEA). The company’s involvement in developing country currency analogs using blockchain solutions XRP was highlighted by analyst Yuriy_Bishko .
The short term future of XRP depends heavily on the outcome of SEC vs Ripple court case concluding this May and whether or not it will be deemed as security or commodity by courts. Meanwhile, Ripple continues to diversify into global markets with favorable crypto policies through CBDC whitepaper research with DEA and other similar initiatives.
 Sohrab Khawas (20 April 2023). „XRP Price: Here Are 2 Possible Price Targets For XRP in Coming Days“. Coinpedia Fintech News Website https://coinpedia.org/altcoins/xrp-price/#ripple-price-prediction