Even with a favorable market outlook, Ripple’s XRP token faces challenges in surpassing the $0.55 threshold. There has been a 2.6% decrease in the value of the asset shown in the daily chart. Nevertheless, XRP has gained 53% in the weekly charts, 9.8% in the 14-day charts, and 3.1% over the past month. Additionally, the price of XRP has increased by almost 40% since February 2023 according to CoinGecko. Furthermore, ChatGPT suggests that Ripple’s XRP could potentially reach $10 in the future. Ripple’s lawsuit with the US SEC may be causing XRP to experience sluggish movement. Last year, a district court ruled in favor of the fintech company, stating that selling XRP to retail clients did not violate securities laws. Nevertheless, the legal case is currently being reviewed by the high court, and investors are anticipating a decision. Earlier this year, the US Securities and Exchange Commission (SEC) gave the green light to 11 Bitcoin Exchange Traded Funds (ETFs).