XRP Predicted To Surge While Synapse (SYN) Set To Rally By 115%

Key Points: A well-followed crypto expert says payments network XRP is expected to climb, but Bitcoin (BTC) and one under-the-radar cryptocurrency have more upside potential. Cantering Clark, a pseudonymous expert, said that it's “nearly time” for XRP to explode to the upside.

Timeline of Synapse-2, Xrp

U.S. Securities and Exchange Commission (SEC) is on the radar of digital asset industry leaders over its alleged regulatory overreach. An Amicus Curiae in the XRP lawsuit has claimed that the SEC lawyers are threatening to bankrupt an American entrepreneur before filing a lawsuit against them.

The total market capitalization of the $XRP token has grown by over $1 billion in only 24 hours, at a time in which investors' interest in the cryptocurrency space has been surging and prices have risen significantly. According to TradingView data, $XRP's market capitalization moved from over $20 billion to over $21.

Ripple is aiming for higher price levels as the market experienced another uptrend over the previous week. The trend's momentum looks promising, yet the price must first surpass the crucial resistance level of $0.43.

In its predictions for 2023, the Ripple leadership team highlighted Central Bank Digital Currencies (CBDCs) as one of the biggest trends, as Bitcoinist reported. To drive this agenda, Ripple continues to actively work with the private and public sectors.

From engaging in the most scandalous lawsuit with the SEC to starting a war with Ethereum, the year 2022 has been weirdly eventful for the XRP. Even though many predict Ripple will win the case, nobody knows when the whole saga will end.

Ripple's investors are currently in confusion if XRP will ever be able to break its multi-year bearish trend as the altcoin makes noticeable price fluctuations with higher highs and lows.

XRP bulls have persistently defended the $0.32-$0.33 area since the November crash. The retest of the same zone in early January saw the buyers force a move past $0.35 on January 9.

On Monday (23 January 2023), Bill Morgan, who is qualified to practice law in both the UK and Australia, explained why he believes that the lawsuit involving the U.S. SEC and Ripple Labs could end in a settlement. On 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc.

Key Points: According to CoinMarketCap statistics, Ripple's [XRP] market value surpassed $20 billion for the first time since the FTX epidemic hit the market more than two months ago. At press time, XRP was trading at $0.4096, up 20% from the beginning of 2023.

Ripple CEO Brad Garlinghouse has said that the fintech firm is unlikely to settle with the U.S. Securities and Exchange Commission (SEC) in the regulator's lawsuit against it and two executives, which alleges they “raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.