XRP is in a wait-and-see position as it braces for the conclusion of a lawsuit filed by the U.S. Securities and Exchange Commission against Ripple Labs. XRP’s forecast average price for October 2022 is $0.50995 XRP, at one point, was up by almost 60% Ripple Labs continue to gain procedural wins against SEC It can be recalled that on December 22, 2020, the regulatory body announced it has lodged a complaint against the American technology firm and two of its executives for selling XRP which the complainant considers an unregistered security. Christian Larsen, co-founder and former CEO of Ripple Labs and Bradley Garlinghouse, current CEO, was also included in the lawsuit as the duo was alleged to be involved in making around $600 million by selling the cryptocurrency. Since then, the digital asset seems to have been relegated to the sidelines, affecting its performance in the crypto space. In fact, XRP has now lost 85% of its $3.40-all-time high value attained on May 22, 2014. The crypto, however, is refusing to be dragged down, as it slowly climbs back to relevance. XRP Posts Impressive 30-Day Growth At press time, according to data from CoinMarketCap, XRP is currently changing hands at $0.51. It has been down by 1.7% for the past hour but at one point was up by almost 60% for the last 30 days. The recent price correction experienced by the asset trimmed its monthly gain, which now stands at 50.3%. Related Reading: Ethereum Pri...
