<ul class="list-ic vertical">
 <li><span>1</span> <a>The XRP price is awaiting a bounce and hovers near the demand zone.</a></li>
 <li><span>2</span> <a>Price action highlights range-bound movements throughout the week.</a></li>
</ul>
<p>Amidst the market fluctuations, <strong>XRP price </strong>has maintained its gains and has been hovering in a narrow range for weeks. This month, the XRP crypto remained flat and stayed in a range.</p>
<p>Following the broader crypto market correction, the<strong> XRP price</strong> has retraced from the upside of $0.7500 and retested the demand zone of $0.4700; a correction of over 30% in the past two months was recorded.</p>
<h2 class="wp-block-heading" id="strong-is-this-the-end-of-the-xrp-lawsuit-what-s-next-for-xrp-strong"><strong>Is This the End of the XRP Lawsuit? What’s Next for XRP?</strong></h2>
<p>As per the media source reports, <strong>Ripple vs. SEC</strong> has agreed to the <strong>settlement </strong>terms. Additionally, the <strong>XRP lawsuit </strong>might end before May 20, as the report says.</p>
<p>However, investors are in a dilemma and are still awaiting further clear guidance Meanwhile, the <strong>XRP crypto made a triple bottom</strong> and will address a rebound in the next few sessions.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: SEC OFFERS SETTLEMENT WITH <a href="https://twitter.com/hashtag/RIPPLE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RIPPLE</a> CEO – $899.98 AN <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>!! <a href="https://t.co/4pGbx14jPe" rel="noopener noreferrer nofollow">pic.twitter.com/4pGbx14jPe</a></p>— CryptoGeek (@CryptoGeekNews) <a href="https://twitter.com/CryptoGeekNews/status/1791277518328095089?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: X (Twitter)</p>
<p>At press time, the<strong> XRP crypto price</strong> traded at $0.5194 with an intraday gain of 0.10%, reflecting neutrality on the charts. It has a monthly return ratio of 4.90% and 16.78% yearly.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-action-highlights-rush-among-investors-strong"><strong>XRP Price Action Highlights Rush Among Investors</strong></h2>
<p>On the daily charts,<a href="https://www.thecoinrepublic.com/2024/02/18/ripple-crypto-can-xrp-crypto-price-thrust-upward-gain-big/" target="_blank" rel="noopener noreferrer nofollow"> <strong>XRP crypto</strong></a> was eyeing a recovery and held the gains for the past sessions. XRP crypto has retested the downside region multiple times and might pick strength soon.</p>
<p>A break and close above $0.5370 will lead to a significant jump toward the 100-day EMA mark and will flip the trend ahead. Additionally, signs of <strong>bear trap activity </strong>were noted, and the <strong>XRP price</strong> has crossed the <strong>20-day EMA mark.</strong></p> <iframe loading="lazy" title="Santiment Chart: Price (XRP), Volume (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-30T00%3A00%3A00.000Z&amp;dt=2024-05-09T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bxrp%3BXRP%5D%3B%5B1%3Bvolume_usd%3Bxrp%3BXRP%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>The RSI curve stayed near the midline region, standing at 45, and a positive crossover was noted on the charts. This week, the rise in price volatility signifies investor speculation and a rush to buy before the lawsuit settlement.</p>
<p>Amid the <strong>spike in volatility,</strong> XRP price remained flat and traded close to $0.5200.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (XRP), Weighted sentiment (Total) (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-30T00%3A00%3A00.000Z&amp;dt=2024-05-09T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bxrp%3BXRP%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bxrp%3BXRP%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Looking forward, the weighted sentiment data stayed close to the midline, noting around 0.119, highlighting neutrality.</p>
<h3 class="wp-block-heading" id="strong-xrp-futures-open-interest-data-insights-strong"><strong>XRP Futures Open Interest Data Insights</strong></h3>
<p>The Futures open interest data of the XRP coin signifies a slight increase in long positions.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="235" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214-1024x235.png" alt="" class="wp-image-205944" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214-1024x235.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214-300x69.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214-768x176.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214-750x172.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214-1140x261.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-214.png 1432w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: CoinGlass</p>
<p>The open interest data highlighted a minute surge of over 1.21% to $558.89 Million in the last 24 hrs.</p>
<h3 class="wp-block-heading" id="strong-what-sharpe-ratio-indicator-replicates-strong"><strong>What Sharpe Ratio Indicator Replicates?</strong></h3>
<p>Amidst the notable decline of over 15% last month, the value of the Sharpe ratio remained above the 1 mark, replicating neutrality.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/7MeC2n-dzURPtz33T21sFxrSDt479gyIHPGqSuPf0auBrhxHvThFexlP93XzcNNVMVhRBbFUZx4615Zt6g0tNnNxiuRtwDpTrn-BzwXsy3J7H7YcyFw38bI5VxD0ucGQirIvbIesNeDq9azET2KhAdk" alt="">
 </figure>
</div>
<p class="has-text-align-center">Source: Messari</p>
<h3 class="wp-block-heading" id="strong-surge-in-popularity-strong"><strong>Surge In Popularity</strong></h3>
<p>The <strong>social volume</strong> of the <strong>XRP crypto</strong> represented a notable hike of over 27% and jumped to the 331 mark, signifying the surge in popularity and discussion among investors.</p> <iframe loading="lazy" title="Santiment Chart: Social Volume (XRP), Twitter Followers 7d (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-30T00%3A00%3A00.000Z&amp;dt=2024-05-09T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_volume_total%3Bxrp%3BXRP%5D%3B%5B1%3Btwitter_followers_7d%3Bxrp%3BXRP%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Similarly, the <strong>X followers data </strong>highlighted a significant increment and surged to 330. A notable spike of over 65% in the past three months was noted. The immediate support levels for the <strong>XRP </strong>are $0.5100 and $0.5020, respectively, whereas the key upside hurdle is around $0.5270, followed by $0.5350.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The <strong>XRP crypto price</strong> overtook the 20-day EMA mark and gained momentum this week. Amidst the XRP lawsuit, investors are awaiting a positive change and looking to add fresh positions.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

XRP Flips From Bottom: Could It Resurface Amid The Downtrend?

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