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<p>In the last five hours, XRP price has tumbled from a high of $0.63 to below $0.61. Despite this, the growing narrative is suggestive of an impending price breakout.</p>
<p>This price shift follows a weekend of price stagnation preceded by a settlement conference between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs on March 29. Alluding to the potential settlement of the four year legal battle of regulatory attrition, the crypto community speculation only continues to grow.&nbsp;</p>
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   <p lang="en" dir="ltr">Re-read Wed.’s Coinbase ruling. Basically, the SEC sold the Judge a bill of goods that she had to accept as true at this stage of the case. Now comes the hard part – – producing evidence. My bet: the SEC is all hat, no cattle.</p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1774127397081673824?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 30, 2024</a>
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<p>Though no developments have been revealed to the public at this time, Ripple Chief Legal Officer (CLO), Stuart Alderoty’s stance on the SEC remains clear.</p>
<h2 class="wp-block-heading" id="analysts-expect-xrp-price-breakout">Analysts Expect XRP Price Breakout</h2>
<p>One analyst on TradingView, CryptoColugo, <a href="https://www.tradingview.com/i/egyYqWwc/" target="_blank" rel="noopener noreferrer nofollow">posted their forecast</a> March 28 suggesting a significant breakout past the $1 is on the cards “as long as we can stay above 0.60.”&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="538" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-1024x538.png" alt="" class="wp-image-465631" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-1024x538.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-768x403.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-1536x806.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-2048x1075.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-286x150.png 286w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-667x350.png 667w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29-788x413.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-29.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a href="https://www.tradingview.com/i/egyYqWwc/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
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<p>CryptoColugo posted an update on the comments section of their forecast roughly 14 hours ago stating:</p>
<p>&nbsp;<strong><em>“This is a chart that can tell you that soon a big move will happen. We are coming to the end of a triangle formation that is formed since the all time high.”</em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="523" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-1024x523.png" alt="" class="wp-image-465639" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-1024x523.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-768x392.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-1536x784.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-2048x1046.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-294x150.png 294w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-685x350.png 685w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30-788x402.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-30.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a href="https://www.tradingview.com/chart/XRPUSD/egyYqWwc-XRPUSD-Big-move-in-progress/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
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<p>Twitter Economist and Trader Mikybull posted four hours ago echoing the same forecast direction. They suggested that <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> price “is about to follow the 2017 path” where the price pumped from roughly $0.006 to above $2.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a><br><br>It seems it is about to follow the 2017 path coupled with that post-halving always results in an explosive upward move in price.<br><br>Zoom out and tell me what is bearish therein! <a href="https://t.co/xMQHOyLZjQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xMQHOyLZjQ</a></p>— Mikybull <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1774685573124415942?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 1, 2024</a>
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<h2 class="wp-block-heading" id="settlement-speculation-unsettling-xrp-price">Settlement Speculation Unsettling XRP Price</h2>
<p>The speculation surrounding the recent March 29 SEC-Ripple Labs settlement conference, amplified by the spreading misinformation circulating on Twitter around April Fool’s Day, could be causing the flux in market sentiment shift.</p>
<p>The historical 2017 XRP price action projected into the current market state can initially be perceived positively but it does not take into account modern economic implications. Today’s crypto market has become an ant farm under the magnifying glass of regulatory scrutiny and institutional investment — where 2017’s rally was mainly retail-driven.</p>
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<p>Although price history repeating would be beneficial for XRP price and token holders, the Ripple Labs-SEC lawsuit remains at large, and any adverse developments could still have polarizing effects on the market as a whole.</p>
<h2 class="wp-block-heading" id="ripple-partnership-push-for-xrp-ledger-rwa-tokenization">Ripple Partnership Push for XRP Ledger RWA Tokenization</h2>
<p>After four years of legal turbulence with the SEC, Ripple has <a href="https://finance.yahoo.com/news/ripple-partners-axelar-bring-interoperability-040257411.html" target="_blank" rel="noopener noreferrer nofollow">continued to secure strategic partnerships</a>, reinforcing its place within global finance.&nbsp;</p>
<p>As reported on Yahoo Finance on Feb 28, Ripple partnered with Axelar, aiming to leverage Axelar’s General Message Passing (GMP) technology to enhance Real-World Asset (RWA) tokenization on the XRP Ledger (XRPL). This partnership sets Ripple’s XRPL up for increased real-world use as the RWA narrative <a href="https://www.forbes.com/sites/digital-assets/2024/03/20/real-estate-tokenization-a-start-of-a-new-era-in-property-management/?sh=718817141736" target="_blank" rel="noopener noreferrer nofollow">grows</a>, potentially improving investor confidence in the company’s future direction.&nbsp;</p>
<p>At the time of writing, XRP price was $0.61, down roughly 2.5% over the last 24 hours, and down roughly 3% over the last seven days.</p>
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<p>The post <a href="https://captainaltcoin.com/xrp-price-breakout-anticipated-amid-sec-vs-ripple-settlement-rumors/" rel="noopener noreferrer nofollow">XRP Price Breakout Anticipated Amid SEC vs Ripple Settlement Rumors</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Price Breakout Anticipated Amid SEC vs Ripple Settlement Rumors

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