<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/ripple-xrp-price-consolidates-within-ranging-pattern-anticipating-potential-breakout/">Ripple (XRP) Price Consolidates Within Ranging Pattern, Anticipating Potential Breakout</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The XRP market faces a decision-making period in the coming months, especially with the ongoing lawsuit expected to conclude anytime. Experts seem to agree that XRP may have begun as a security but has since morphed into a commodity. </p> 
<p>Moreover, the Ripple-backed digital asset has been adopted globally to aid in cross-border payments solutions 24/7.&nbsp; As a result, experts believe the Judge could rule that some XRP transactions are securities, especially during the early development stages.</p> 
<p>However, the biggest argument is whether Ripple should still be allowed to initiate programmatic XRP sales from the escrow account.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP Price Analysis</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> Lines Within Lines (Breakout Is Imminent) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f533.png" alt="🔳" class="wp-smiley" style="height: 1em; max-height: 1em;"> White Lines – Ranging: <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2699.png" alt="⚙" class="wp-smiley" style="height: 1em; max-height: 1em;"> The micro ranging area between 0.38c – 0.54c serves as a foundation, allowing for stability and growth. The longer the consolidation, the greater the potential for an explosive upward movement.… <a href="https://t.co/4MyHl2wWjF">pic.twitter.com/4MyHl2wWjF</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1678332227795533828?ref_src=twsrc%5Etfw">July 10, 2023</a>
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<p>According to a popular crypto analyst on Twitter EGRAG Crypto, the XRP market remains bullish in the macro outlook despite the short-term headwinds. From the macro perspective, the analyst plotted a triangle with a final wake line on the upper resistance level.</p> 
<p>As the prices continue to consolidate in the tail end of the macro triangle, the analyst highlighted that an imminent breakout is scheduled for the end of this month. From a bullish perspective, the analyst pointed out that XRP has been consolidating in anticipation of a positive lawsuit ruling. If the bearish news suddenly befalls the crypto market, EGRAG Crypto expects the XRP support level around 30 cents to hold.</p> 
<blockquote class="wp-block-quote"> 
 <p>“…0.30c remains a robust support level. Even in the face of negative news or FUD, the bulls will hold #XRP above this line,” the analyst noted.</p> 
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Ripple (XRP) Price Consolidates Within Ranging Pattern, Anticipating Potential Breakout

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