bullish

when

Resistance

<ul class="wp-block-list news-points">
 <li>XRP’s price remains volatile, influenced by Ripple’s ongoing legal battle with the SEC.&nbsp;&nbsp;</li>
 <li>Breaking key resistance at $0.70 could boost XRP, while $0.5210 support is currently tested.&nbsp;&nbsp;</li>
 <li>Ripple’s legal outcome and new custody features will shape XRP’s long-term price movement.</li>
</ul>
XRP’s journey has been a wild ride since December 2020, when Ripple first locked horns with the US SEC. The ongoing lawsuit, which seeks to determine whether XRP is a security, has kept the altcoin on a rollercoaster. The case’s outcome could significantly impact XRP’s price in the near future.
XRP hit its all-time high of $3.92 on January 4, 2018, and its all-time low of $0.002802 on July 7, 2014. Since reaching its peak, XRP has gone through several bearish phases, dropping as low as $0.113268 while also climbing as high as $1.97793.
At the moment the general sentiment towards XRP is bearish. The <a href="https://cfgi.io/ripple-fear-greed-index/" target="_blank" rel="noopener noreferrer nofollow">Fear &amp; Greed</a> Index is currently at 52, thus, pointing at a neutral market sentiment. However, the technical outlook for XRP hints at a possible bullish breakout if certain price levels are crossed.
<h2 class="wp-block-heading" id="h-key-resistance-levels-and-technical-outlook">Key Resistance Levels and Technical Outlook</h2>
XRP is presently trading around $0.5329, w…
The post <a href="https://coinedition.com/xrp-price-analysis-technical-outlook-and-sec-lawsuit-uncertainty/" rel="noopener noreferrer nofollow">XRP Price Analysis: Technical Outlook and SEC Lawsuit Uncertainty</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Price Analysis: Technical Outlook and SEC Lawsuit Uncertainty

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