XRP's price is projected to fluctuate between $0.50 and $0.80 for the remainder of 2024, according to analyst Ryan Lee, who emphasizes the significance of regulatory developments affecting the cryptocurrency. The recent appeal by the United States regulator against Ripple could prompt a risk-off sentiment among market participants, contributing to short-term volatility. Lee noted that while XRP peaked at $0.71 earlier this year, the last time it crossed the $0.80 threshold was in March 2022. Current trading positions XRP at $0.54, reflecting a slight increase. He also mentioned that any favorable court ruling or increased international backing for Ripple could bolster XRP's price, while negative outcomes could lead to declines. The appeal has created further regulatory uncertainty, making investors cautious as they await clarity on the situation.

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