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 <p class="paragraph">The value of XRP continues to display bullish sentiments as the cryptocurrency aligns with the general market trend. Notably, XRP is aiming for the $1 mark in pursuit of a new all-time high.</p>
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 <p class="paragraph">Amid the gains, analysts emphasize that despite the token’s current uptrend, a reset is deemed necessary before further upward movement. Particularly, in a <em>TradingView</em> post on November 11, crypto analyst <em>ProSignalsFx</em> highlighted that XRP is trading in an uptrend along a rising support line, fostering anticipation for continuing the bullish trend.</p>
 <p class="paragraph">However, the <a rel="noopener noreferrer nofollow" title="condition" href="https://thebittimes.com/tag/condition.html">condition</a> for this upward trajectory is contingent on a critical factor – the retest of the support level at $0.67. The <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> suggests that XRP’s current uptrend is supported by a rising trendline, indicating a positive market sentiment.&nbsp;</p>
 <p class="paragraph">This trendline, serving as a crucial support, has been a key determinant for the overall bullish outlook on XRP.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="563" src="https://cdn.thebittimes.com/images/2023/11/12/2b6c8cebd04ac5db0ec3fecad3962347.webp" alt class="wp-image-136995" srcset="https://cdn.thebittimes.com/images/2023/11/12/2b6c8cebd04ac5db0ec3fecad3962347.webp 1024w, https://cdn.thebittimes.com/images/2023/11/12/2b6c8cebd04ac5db0ec3fecad3962347.webp 300w, https://cdn.thebittimes.com/images/2023/11/12/2b6c8cebd04ac5db0ec3fecad3962347.webp 768w, https://cdn.thebittimes.com/images/2023/11/12/2b6c8cebd04ac5db0ec3fecad3962347.webp 1536w, https://cdn.thebittimes.com/images/2023/11/12/2b6c8cebd04ac5db0ec3fecad3962347.webp 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>XRP price analysis chart. Source: TradingView</em>
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        <h3 class="font-bold leading-6 " id="this-is-when-xrp-might-breakout-amid-lingering-sec-uncertainty">This is when XRP might breakout amid lingering SEC uncertainty</h3>
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  <p class="paragraph">“Ripple is trading in an uptrend along the rising support line, and after the retest of the said support, we will be expecting a further move up,” he said.&nbsp;</p>
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 <h2 class="wp-block-heading" id="h-xrp-s-next-breakout-and-sec-influence">XRP’s next breakout and SEC influence&nbsp;</h2>
 <p class="paragraph">Indeed, XRP has been influenced by bullish sentiment, and analysts are exploring potential timelines for a breakout. As reported by Finbold, crypto analyst<em> Cryptoinsightuk</em> highlighted the importance of considering XRP’s historical lag behind Bitcoin (BTC) price action to determine its next move.</p>
 <p class="paragraph">The analyst identified a clear pattern indicating that XRP breakouts tend to align gradually with the movements of Bitcoin. Drawing from this correlation, he suggested the potential for an XRP breakout on November 15.</p>
 <p class="paragraph">Meanwhile, discussions surrounding the valuation of XRP persist amid ongoing developments in the Ripple and Securities Exchange Commission (SEC) case. Following a court victory against the SEC, Ripple and the regulatory body have agreed to a 90-day schedule for settlement discussions. This decision follows Judge Analisa Torres’ ruling that retail XRP sales were not classified as securities sales.</p>
 <p class="paragraph">Ripple has accepted the SEC’s proposed timeline for remedies-related discovery, which is limited to the period preceding the lawsuit. The SEC proposes a 90-day window for remedies-related discovery, starting from the court’s scheduling order, with the aim of presenting post-complaint evidence for injunctive and monetary claims. Ripple can oppose this proposal and, if allowed, would need court permission to extend the discovery deadline.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Turning to XRP’s price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, its value has largely consolidated over the last 24 hours, trading at $0.67 as of press time. In the past week, XRP has gained almost 3%.</p>
 <figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/11/12/78954b66f9227b77dcad870cd452d873.webp" alt class="wp-image-136993" width="834" height="556" srcset="https://cdn.thebittimes.com/images/2023/11/12/78954b66f9227b77dcad870cd452d873.webp 1024w, https://cdn.thebittimes.com/images/2023/11/12/78954b66f9227b77dcad870cd452d873.webp 300w, https://cdn.thebittimes.com/images/2023/11/12/78954b66f9227b77dcad870cd452d873.webp 768w, https://cdn.thebittimes.com/images/2023/11/12/78954b66f9227b77dcad870cd452d873.webp 1200w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption"><em>XRP seven-day price chart. Source: TradingView</em>
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 </figure>
 <p class="paragraph">In terms of technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, bullish sentiments dominate XRP. One-day indicators from <em>TradingView</em> suggest a ‘strong buy’ sentiment at 16, with moving averages signaling a ‘strong buy’ at 14. Oscillators are indicating a ‘buy’ at 2.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="239" src="https://cdn.thebittimes.com/images/2023/11/12/75c2d78d11d39ff658ac39d9fedf7334.webp" alt class="wp-image-136994" srcset="https://cdn.thebittimes.com/images/2023/11/12/75c2d78d11d39ff658ac39d9fedf7334.webp 1024w, https://cdn.thebittimes.com/images/2023/11/12/75c2d78d11d39ff658ac39d9fedf7334.webp 300w, https://cdn.thebittimes.com/images/2023/11/12/75c2d78d11d39ff658ac39d9fedf7334.webp 768w, https://cdn.thebittimes.com/images/2023/11/12/75c2d78d11d39ff658ac39d9fedf7334.webp 1431w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>XRP technical analysis. Source: TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">Overall, XRP’s prospects are also largely hinged on the trajectory of the general crypto market.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-needs-to-meet-this-condition-to-resume-a-further-move-up-tbt69996.html">https://thebittimes.com/xrp-needs-to-meet-this-condition-to-resume-a-further-move-up-tbt69996.html</a></p>

XRP needs to meet this condition to resume a ‘further move up’

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