Future

Time

<ul>
 <li>XRP price is surging now, yet&nbsp; bearish shadow hovers around the coin.</li>
 <li>The legal dispute between Ripple and SEC plays a key role in the movement of XRP.</li>
</ul>
XRP is displaying a <a href="https://thenewscrypto.com/ripple-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">recovery wave</a> after surpassing the $0.5 mark. The price is striving to go above the $0.5050 resistance level; it could gain a bullish pace if it clears the $0.520 resistance level.
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/7Q7J1lbLw6VY7TMqKoWhDHoZxG-FDsAyckko87UGVF_UcH6zQ_HkiV6nzQ0iRI4Bkv8HkUvYE3Zkie6UrUJiRFukflHDchtYFNN6E9-ZhgsCzijZ05IisJBz8njaKkpsmlQUyMKzIqjJOe65ur6XVoU" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">XRP Price Chart (Source: <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
</div>
At the time of writing, the token trades at $0.5165, an increase of 3.05% in the last 24 hours as per data from CMC. The bouncing back indicates a bullish trend, and this implies that the bulls are redefining the current direction of the token.&nbsp;
XRP experienced growth in its purchase as well, for the first time in weeks. Despite the recent surge, the token is still in a downward trend.&nbsp;
<h3 class="wp-block-heading" id="h-the-future-track-of-xrp">The Future Track of XRP</h3>
The immediate resistance is close to the $0.5185 level, and the first key resistance is near $0.5200. A close above this resistance zone could send the <a href="https://thenewscrypto.com/ripple-shows-resilient-rally-amid-market-volatility-can-xrp-make-a-comeback/" target="_blank" rel="noopener noreferrer nofollow">price higher</a>. The next resistance is near $0.5220. If the bulls breach the $0.5220 resistance level, there is a chance to rally towards the $0.5350 resistance. Further gains might send the price up to $0.550 resistance.&nbsp;
If XRP fails to clear the $0.520 resistance level, the price will likely start another decline. Initial support on the downside is at the $0.5145 level, and the next major support is at $0.5120.
Ali Martinez, a top crypto analyst, mentioned that over the past two weeks, Ripple Whales have made hefty purchases, accumulating over 110 million XRP, worth around $55 million.&nbsp;
Experts suggest that the ongoing legal dispute between Ripple and the SEC is a considerable factor behind the XRP’s underperformance. Ripple argues that it’s a currency, while the SEC alleges XRP as a security. Thus, the lawsuit shadowed over the cryptocurrency created an insecure and doubtful environment.&nbsp;
The crypto market remains a complex and unpredictable environment, where tokens like XRP are drawn by broader market sentiments and technical performance.
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XRP Signals Bullish Sentiment: Is It the Right Time to Buy?

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