"It's true that the price will be volatile, one way or another."
The Ripple cryptocurrency (XRP) is predicted to witness volatile movements in the near future following some interesting developments that may prompt the price to react.
Earlier last week, the Securities and Exchange Commission (SEC) reportedly filed an interlocutory brief to appeal Judge Analisa Torres' ruling that XRP is not a security.
However, XRP's Chief Legal Officer Stuart Alderoty slammed the SEC's attempt indicating his intention to appeal.
So here it can be seen that the entire crypto market is currently watching XRP's reaction to the SEC filing which could result in the price of the digital asset fluctuating significantly.
Through observation, XRP is getting closer to the very important support zone located at $0.55 but the price is able to stop further downward movement and start a rise to reach the important target again at $0.80.
As of this writing, XRP price jumped by 0.69% to $0.63 in the last 24 hours with a market cap of $33 billion then recorded a gain of around 1.93% over the last week.
On a different note, speculation regarding an XRP exchange-traded fund (ETF) has surfaced shortly after crypto exchange Gemini officially added the digital asset to its portfolio recently.
