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<ul> 
 <li>SEC’s withdrawal of charges against Ripple Labs boosts XRP’s price by 6.55%.</li> 
 <li>XRP’s price action shows a bullish engulfing candle, hinting at potential growth.</li> 
 <li>Sideline traders eye the $0.55 breakout, potentially driving <a href="https://cryptonewsland.com/xrp-price-prediction-2023-to-2031/">XRP price</a> to $1.</li> 
</ul> 
<p>The crypto community buzzes as the SEC retracts charges against Ripple Labs executives, propelling positive sentiments around XRP’s price. This decision catalyzed a sharp 7% ascent, pushing XRP prices to $0.52, a significant psychological threshold.</p> 
<p>With an impressive over 50% leap year-to-date in 2023, Ripple’s price trajectory has been oscillating between $0.45 and $0.55. However, the broader market recovery and enhanced sentiments hint at a bullish future for Ripple.</p> 
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   <a href="https://cryptonewsland.com/xrp-price-prediction-2023-to-2031/">XRP (Ripple) Price Prediction 2023 to 2031: Will XRP Price Hit 10X Soon?</a>
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<p>The daily XRP price chart reveals a consolidation phase spanning the last three months. This lateral movement recently witnessed a bullish spike, challenging a death cross. The SEC’s decision to drop charges against CEO Brad Garlinghouse and Chairman Chris Larsen further fuels optimism for Ripple’s prospects.</p> 
<p>A detailed examination of XRP’s price action shows the bullish engulfing candle surpassing the 200-day EMA. Yet, XRP’s current market value stands at $0.519, reflecting a minor intraday dip of 1.40%, indicating a brief pullback.</p> 
<p>This bullish candle counters the previous Ripple trend pullback, amplifying the likelihood of a positive breakout. However, a minor pullback in the daily candle suggests caution. For traders on the sidelines, the $0.55 breakout presents a golden opportunity.</p> 
<p>If this momentum persists and XRP stabilizes above $0.70, we might witness a rally pushing its price to $1. On the flip side, any reversal from $0.55 could jeopardize XRP buyers, suggesting a potential 9% decline to $0.46.</p> 
<p>Ripple and XRP, bolstered by recent developments, are poised for a transformative journey in the crypto realm. Their trajectory suggests not just growth but a potential redefinition of crypto trading standards, promising a luminous future.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/xrp-holders-anticipate-inverted-hammer-formation-as-2-month-candle-nears-closure/">XRP Holders Anticipate Inverted Hammer Formation as 2-Month Candle Nears Closure</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-spot-bitcoin-etf-rumored-to-be-approved/">Blackrock Spot Bitcoin ETF Rumored to Be Approved: A Surge to $40,000 on the Horizon?</a></li>
 <li><a href="https://cryptonewsland.com/bulls-dominate-as-ripplexrp-prices-rise-to-0-395/">Bulls Dominate as Ripple(XRP) Prices Rise to $0.395</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/how-xrps-momentum-might-push-its-price-to-1/">How XRP’s Momentum Might Push Its Price to $1</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

How XRP’s Momentum Might Push Its Price to $1

Crypto News Land

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