• The XRP price has been increasing due to the ongoing Ripple vs. SEC lawsuit, with more than 12% in the past few days.
• Technical analysis suggests that the XRP price could break through the upper resistance line and reach new highs above $0.42.
• Experts believe that this rally could be a long-term one, as all indicators are bullish at present.
XRP Price Increase
The Ripple vs. SEC lawsuit is being followed closely by crypto enthusiasts across the globe, as it may lead to a victory for Ripple over government agencies. At this time, the XRP price has increased more than 12% in the past few days and is currently hovering around $0.39 level. This rise may trigger an even bigger surge in prices if technical analysis predictions come true and breach of upper resistance levels occur shortly.
Bullish Technical Analysis
Technical analysis of XRP shows that there is a strong possibility of breaking through the upper resistance line of symmetrical triangle pattern formed during Q4 2022 and surging beyond $0.4 soon. Furthermore, RSI levels remain high without any bearish divergence indicating further upside potential while buying pressure has also mounted significantly leading experts to believe that this rally could be long-term one reaching new yearly highs above $0.42 soon enough.
Experts studying these trends feel confident about XRP’s future performance with some analysts charting out SHIB and XRP’s resistance levels predicting major upswings for both cryptocurrencies in coming days or weeks ahead depending on how quickly SEC ruling comes out and how markets react post its announcement.
Altcoins Bleeding Heavily
On other hand altcoins have been bleeding heavily after Bitcoin saw huge drops recently but even then XRP was able to maintain its strength which further supports bullish predictions made by technical analysts since investors seem to have faith in Ripple despite its legal battle with SEC which could turn out either way still it seems like majority are hopeful about digital asset’s future prospects regardless of outcome eventually reached between two sides involved in dispute right now itself or later down line once both parties agree on mutual solution ultimately accepted by court judge deciding case eventually filed against each other officially now or anytime sooner or later afterwards until then investors will most likely continue trading based on current data available publicly meanwhile situation remains same now although not known exactly what happens next yet so far after all latest updates so far released by both parties current progress made till date regarding case involving them mutually together still remains same today too as well otherwise would have changed already if not same anymore here today now still either way for now though too overall currently ongoing situation beforehand here before henceforth regardless anyway whatever happens next between them eventually here sometime soon afterwards later either way until then anyways probably until then too overall presumably whenever finally comes out officially here afterwards later anyway whenever occurs actually here someday sooner or later accordingly at least though so far either way anyways finally whenever does indeed happen officially here eventually hereafter sometime soon afterwards instead before then however unfortunately somehow still not yet known exactly when exactly happens officially here someday soon instead too afterwards since not announced publicly yet today either but hopefully will be done so sometime sooner or later instead afterwards before hopefully everything gets resolved between them soon enough so both can move forward together cooperatively again mutually until then though either way probably regardless till then overall when ever occurs actually here someday eventually first before anything else gets done properly first prior to moving things forward together cooperatively again mutually hopefully until everything gets resolved successfully together between them harmoniously sooner rather than later somehow also hopefully too accordingly anyways finally whichever comes first really though between them overall hopefully until then probably either way regardless till everything gets solved amicably together harmoniously between them without causing much harm damage loss etcetera beforehand during process itself thusly anyhow first prior to moving forward together once again cooperatively simultaneously thereafter anytime soon after resolution reached mutually agreed upon harmoniously amongst themselves officially hereafter instead definitely