Bitcoin

The cryptocurrency market has recently witnessed unprecedented price volatility, with <a href="https://en.coin-turk.com/junes-fed-decision-and-the-future-path-for-bitcoin/" data-wpel-link="internal">Bitcoin</a> (BTC), the leading cryptocurrency, starting to test the $27,000 level. Meanwhile, altcoins have also moved, and XRP, the sixth-largest cryptocurrency by market capitalization, is positioned at $0.49. However, the real critical move for XRP could start beyond a specific point.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-xrp-price-analysis-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">XRP Price Analysis&nbsp;</h2> 
The fact that a result could come at any moment from the Ripple and SEC case makes XRP’s positioning very close to the explosion point, signaling that everything is ready for a potential rally. XRP broke the $0.48 resistance and now aims at the $0.51 resistance as the biggest target.&nbsp; 
Although XRP tested $0.56, it could not achieve success there and retreated towards the $0.525 support point. After this, XRP, which pulled back to $0.48, found buying power at $0.4550, halting the bleed. After breaking the $0.48 resistance here again, XRP is now on the agenda with a slow but sustainable rally. Without encountering significant resistance, XRP could proceed up to $0.5650, which corresponds to the 23.6% Fibonacci retracement level of the drop, and if it breaks this after $0.51, it could signal a real bull.&nbsp; 
Currently, the XRP price is located below $0.51, where the 100-hour simple moving average on the 4-hour chart coincides. The XRP/USD pair will first try to break $0.51 with the momentum of breaking $0.48.&nbsp; 
<img decoding="async" loading="lazy" class="aligncenter wp-image-85427 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-14.png" alt="" width="1434" height="644" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-14.png 1434w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-14-300x135.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-14-768x345.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-14-1200x539.png 1200w" sizes="(max-width: 1434px) 100vw, 1434px"> 
<h2 style="text-align: justify" id="span-data-contrast-auto-xrp-could-explode-with-good-news-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">XRP Could Explode with Good News&nbsp;</h2> 
Positive case news following the breaking of the $0.51 resistance for XRP could resonate, pushing crowds into large-scale buying. This, in turn, will break the $0.80 and subsequently the psychological resistance of $1. After $1, unseen levels from previous years open up for the XRP price. Even though XRP broke the record with $3 years ago, it has not been able to break a new record for a long time, and everything could change with the upcoming lawsuit news. XRP investors are not only following the Ripple case but also closely tracking and interested in the <a href="https://en.coin-turk.com/us-sec-approves-asset-freeze-request-in-binance-lawsuit/" data-wpel-link="internal">Binance</a> and Coinbase lawsuits.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/xrp-anticipates-major-breakout-amid-market-volatility-and-legal-developments/" data-wpel-link="internal">XRP Anticipates Major Breakout Amid Market Volatility and Legal Developments</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

XRP Anticipates Major Breakout Amid Market Volatility and Legal Developments

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