As of May 10, the leading cryptocurrency remains above $63,000, marking an approximate increase of $3,000. The last 24 hours saw roughly a 5% increase, which led to gains of up to 10% in some altcoins. For instance, Solana (SOL) reached $154, experiencing an 8% rise. What is the current situation for FLOKI, XRP, and ASR Coin?
Ripple (XRP) Case Impact on Price
The case has not yet concluded and experts expect it to continue until mid-2026. No final decision has been made in the years-long lawsuit. After a decision is made, a collective appeal process will occur, and there are many issues to be contested. Ripple faced a lawsuit at the end of 2020 related to an unregistered sale of $1.3 billion. However, as of today, the SEC is seeking a $2 billion fine.
Due to ongoing legal pressures, it is not possible to speak of a very bright outlook for XRP Coin in the short and medium term. The price at the time of writing stands at $0.517. With support turning to $0.533, the parallel channel support of $0.58 could be reclaimed. Above this level, the targets of $0.74 and $0.93 are discussed.
If sales continue, there is potential for a drop to $0.48 and $0.43.
FLOKI Coin Analysis
The popular meme coin has begun to recover from $0.000163. The key resistance area to overcome is $0.000205. FLOKI Coin investors are confident that the rise will continue, hence maintaining a higher support level. If they can also overcome this resistance, another attempt at ATH could be possible.
In a pessimistic scenario, rapid sales could push the price down to $0.000129 and $0.000096.
ASR Coin Price Forecast
At the time of writing, ASR Coin was the top gainer on the Binance exchange. The price surged over 50% in two days. Such rapid increases can quickly reverse, so investors should be cautious.
In an optimistic scenario, closures above $4.61 could test the levels of $5.6 and $6.5. Possible sales could lead to a drop to $3.82 and $3.1.
