On May 10, the prominent cryptocurrency has seen an increase, pushing it above $63,000 by nearly $3,000. There was a 5% surge in the past 24 hours, resulting in some altcoins experiencing gains of up to 10%. For example, Solana (SOL) rose by 8% to reach $154. The current situations of FLOKI, XRP, and ASR Coin are under scrutiny.

Ripple (XRP) Price Impact Due to Ongoing Legal Case

The legal case involving XRP is expected to extend until mid-2026 without a definitive conclusion at present. The lawsuit, which started in late 2020, alleges that Ripple carried out an unregistered sale of $1.3 billion, with the SEC now seeking a $2 billion fine. As a result of the hefty legal issues, the short and medium-term prospects of XRP appear uncertain. The current price is $0.517, with potential support at $0.533 and parallel channel support at $0.58. Higher targets of $0.74 and $0.93 are being discussed.

In a bearish scenario, XRP price could drop to $0.48 and $0.43 if selling pressure persists.

FLOKI Coin Analysis and Future Projections

FLOKI coin is recovering from $0.000163, aiming to break the key resistance level at $0.000205. Investors are optimistic about a further surge, potentially reaching an all-time high if successful in surpassing current barriers.

In a negative turn of events, rapid selling could bring the price down to $0.000129 and $0.000096.

ASR Coin Price Forecast and Market Performance

ASR Coin has exhibited significant growth, becoming the top performer on the Binance exchange with a price surge of over 50% within two days. Such rapid gains often come with the risk of swift reversals, so investors are advised to exercise caution.

In an optimistic scenario, breaking above $4.61 may lead to testing levels of $5.6 and $6.5. On the other hand, potential sales could drive the price down to $3.82 and $3.1.