XRP Price Attempts Bullish Decoupling Amid Major Developments

Share This Post

The XRP price continues to remain suppressed under the heat of the Ripple vs. the United States Securities and Exchange Commission (SEC) legal battle. This suppressed price action has continued to discourage investors when its comes to the altcoin. However, not everyone has succumbed to the bearish pressure, as crypto analyst RLinda believes that the XRP price could be attempting a decoupling that could lead to a price breakout from here.

XRP Price Decoupling Could Trigger Price

Crypto analyst RLinda has forecasted a bullish picture for the XRP price where the altcoin could completely break out of its sluggish movement. The analysis which has now spanned a number of a days flows through XRP’s performance over the last year and how it has suffered crashes even when others in the market were reaching new all-time highs.

While the coin continues to be bogged down by the Ripple vs. SEC battle, crypto analyst RLinda believes that the XRP price could be reaching a possible decoupling. She explains that this is happening not just technically but fundamentally as well.

A possible decoupling is bullish for the XRP price, given that it would be the start of a major price rally. Using the 1-Week chart, the crypto analyst highlights some technical developments that could be important to this possible decoupling.

The first of these is that XRP is still testing the “Wedge resistance with the aim of breaking it.” Also, RLinda points out that volatility is decreasing as the consolidation is continuing at this point. However, this consolidation could be the reason that the price begins another rally.

As for where the price could go from here, the crypto analyst points out that it could possibly rally as high as $0.6265 and even reach $0.73 by the time it is done. However, XRP must hold the support level at $0.4637 while breaking the resistances being mounting at $0.4962 and $0.5720.

Factors Holding Price Down

While XRP price continues to be one of the most popular cryptocurrencies in the market, a number of factors have suppressed. The major one is the lawsuit mentioned above. Even though Ripple has scored multiple victories against the regulator during this time, the fact that the lawsuit is yet to be officially over continues to present a major hurdle.

In her analysis, RLinda points to these issues as being behind the price not performing well. However, Ripple CEO Brad Garlinghouse has said that he expects the lawsuit and settlement to be complete by the end of this summer. This puts it sometime before September.

If this happens, then it would mark a pivotal point for the turnouts in the XRP price. “The Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority,” the analyst said.

XRP price chart from Tradingview.com

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader

The XRP price could be staging a parabolic rally to new all-time highs of $110 While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger

XRP Price Watch: Bulls Eye $3.00 as Key Support Holds

XRP is currently trading at $240, with a market capitalization of $140 billion, a 24-hour trade volume of $295 billion, and an intraday price range of $234 to $247, as technical indicators suggest

Lightchain AI to Confirm Centralized Exchange Listings Soon

This content is provided by a sponsor PRESS RELEASE The crypto world is buzzing, and it’s not hard to see why Lightchain AI (LCAI), a cutting-edge AI-powered blockchain token, is gearing up for a

Why is Toncoin (TON) Rising Today?

The post Why is Toncoin (TON) Rising Today appeared first on Coinpedia Fintech News Today, March 16, 2025, Toncoin (TON) is making waves in the cryptocurrency market following the release of Telegram

Vaneck’s New ETF Proposal Aims to Bring Avalanche’s AVAX to Traditional Markets

Asset manager Vaneck has filed with the US Securities and Exchange Commission (SEC) to launch the Vaneck Avalanche ETF, a first-of-its-kind fund designed to track the market price of AVAX, the native

Crypto Podcaster Jailed For 45 Months In Fraud Case – Details

The US Department of Justice (DOJ) has announced a crypto podcaster and online personality known as TJ Stone has been sentenced to prison on a count of wire fraud The convict allegedly swindled