As <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">Ripple</a> awaits the judge’s verdict on its ongoing <a href="https://finbold.com/ripple-v-sec-case-update-as-of-july-3-2023/" rel="noopener noreferrer nofollow">legal dispute</a> against the US Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>), the battle of <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a><a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bulls</a> and <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bears</a> continues around the critical $0.50 price level.Seeking further insights, popular <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a> analyst CoinsKid <a href="https://twitter.com/Coins_Kid/status/1676885352101949441" rel="noopener noreferrer nofollow">conducted</a> a <a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">technical analysis</a> of XRP’s price on Thursday, July 6.What may come as a surprise to some, the expert believes <a href="https://finbold.com/topic/xrp/" rel="noopener noreferrer nofollow">XRP</a> could witness a major breakout to $0.69 ‘at a minimal,’ assuming the crypto token can break through a descending trend line that connects its previous highs in late March and June.<blockquote> – CoinsKid wrote in a tweet.“I think if we see XRP take out that white line on the daily, it runs to 0.69 at a minimal.”
</blockquote><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/33130f28745d4f2a94d85c9e250a45f0.jpg">Descending trend line on XRP daily chart. Source: CoinsKid<h2 id="header-0">XRP price analysis</h2>At press time, XRP was changing hands at $0.47, down 2.2% in the past 24 hours.The crypto token lost nearly 10% in the last month from $0.51 amid growing uncertainty over Ripple’s lawsuit against the SEC.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c0ced1361401475aa95b6b3bb6d46277.jpg">XRP 1-month price chart. Source: FinboldHowever, year-to-date, the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency’s</a> price remains up over 37%.<h2 id="header-1">Important XRP resistance levels</h2>The <a href="https://finbold.com/xrp-defies-sec-headwinds-emerging-as-q2s-third-most-traded-crypto/" rel="noopener noreferrer nofollow">third-most traded</a> cryptocurrency in Q2 2023 has been trading sideways for the most part recently, hovering around the 100-day <a href="https://finbold.com/guide/moving-average/#:~:text=Moving%20average%20definition,%2Dto%2Dday%20price%20fluctuations." rel="noopener noreferrer nofollow">moving average</a> (DMA). After failing to break above the $0.55 <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> several times, the crypto token is attempting to clear the $0.50 barrier and have another run at this important technical level.However, the bulls will have to break through the 200-weekly moving average first before clearing $0.55 and $0.60, where the 100-weekly moving average is located.Earlier this week, crypto trading expert Michaël van de Poppe also <a href="https://finbold.com/xrp-sweeps-higher-and-raises-the-stakes-is-0-53-in-the-cards/" rel="noopener noreferrer nofollow">offered</a> his thoughts on XRP, saying the crypto asset needs further confirmation before starting to target the $0.53 price level.He added that XRP is currently not displaying a clear structure, though he believes the odds are still in its favor.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source=CMC&amp;utm_medium=social&amp;utm_campaign=CMC&amp;utm_content=long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Buckle up: Major XRP breakout to $0.69 ‘at a minimal’ in play

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