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<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-promising-risk-to-reward-ratio-amid-sec-vs-ripple-trial-anticipation/" rel="noopener noreferrer nofollow">XRP Price Promising Risk-to-Reward Ratio Amid SEC vs Ripple Trial Anticipation</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>XRP, backed by Ripple, has emerged as one of the top five altcoins with a promising risk-to-reward ratio, showcasing resilience after consolidating for the past five years. With the SEC vs Ripple trial looming for early next year, XRP’s price appears well-positioned to rally as speculation intensifies. Additionally, smart money traders are gearing up to “buy the rumor and sell the news” to capitalize on the anticipated volatility.</p>
<h3 class="wp-block-heading" id="h-key-xrp-levels-to-monitor-in-the-short-term">Key XRP Levels to Monitor in the Short-Term</h3>
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   <p lang="en" dir="ltr">Hi all. <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> formed a cup &amp; handle pattern in the daily time frame. <br><br>We set targets for $1.05 &amp; $1.88 with the Elliott Waves, and now the Cup-Handle pattern is also blinking XRP to reach the targets. <br><br>Can the handle be extended towards $0.5286 Support? <br><br>We still need to close… <a href="https://t.co/SvVokOYTs8" rel="noopener noreferrer nofollow">pic.twitter.com/SvVokOYTs8</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1726878660752245220?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2023</a>
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<p>XRP’s price is swiftly approaching the apex of a macro triangular consolidation, leading the renowned crypto analyst “Dark Defender” on the X platform to present a bullish scenario for this Ripple-backed altcoin. Dark Defender suggests that XRP has formed a cup and handle pattern in the daily time frame, strengthening the bullish sentiment. Consequently, Dark Defender has established XRP’s price targets from $1.05 to $1.88.</p>
<p>If the bulls fail to defend the support level at approximately 60 cents, Dark Defender anticipates that XRP’s price will discover substantial support at 52 cents. However, monitoring for a consistent close below 60 cents is essential, which would invalidate the bullish structure.</p>
<h3 class="wp-block-heading" id="h-taking-a-closer-look-at-fundamentals"><strong>Taking a Closer Look at Fundamentals</strong></h3>
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   <p lang="en" dir="ltr">Hey, it looks like Ripple (XRP) and ApeCoin (APE) have been getting some attention from whales lately! According to recent data, addresses holding between 1 million and 100 million XRP added 90 million tokens to their reserves. Similarly, investors with balances between 1 million… <a href="https://t.co/AX5d0dsGUm" rel="noopener noreferrer nofollow">pic.twitter.com/AX5d0dsGUm</a></p>— Crypto Birds <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f54a.png" alt="🕊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Crypt0_Birds) <a href="https://twitter.com/Crypt0_Birds/status/1726563524753899658?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 20, 2023</a>
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<p>XRP’s liquidity depth has significantly improved since U.S.-based exchanges relisted the altcoin following Ripple’s resounding victory against the SEC. Market data provided by Binance-backed Coinmarketcap reveals that the XRP/USD pair now boasts a total daily volume of approximately $36.3 million, starkly contrasting to zero just a year ago.</p>
<p>Furthermore, there have been observations of XRP whales reaccumulating more coins in anticipation of an imminent breakout.</p>

XRP Price Promising Risk-to-Reward Ratio Amid SEC vs Ripple Trial Anticipation

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