XRP price forecast indicates potential short-term volatility as Ripple’s legal proceedings with the SEC continue. Analysts note that a break above $0.58 could set the tone for a bullish Q3 trend, while sustained support at $0.52 is key to avoid further downside pressure. From a technical perspective, XRP’s contracting Bollinger Bands indicate volatility has subsided in recent sessions, with XRP trading near the lower band around $2.73. A sustained defense of this zone increases the likelihood of a rebound attempt toward the mid-band resistance at $3.01, which also aligns with the Parabolic SAR point. The Securities and Exchange Commission (SEC) under former Chairman Gary Gensler was widely considered biased against the cryptocurrency industry. The agency leaned heavily on enforcement action but avoided rulemaking, a strategy that not only created uncertainty, but also stifled innovation, according to critics. RippleNet adoption data is factoring into XRP price forecast models. More cross-border payment deals strengthen XRP’s use case, raising bullish long-term expectations toward $0.80 by early 2025.