Ripple Xrp Turns Higher

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Ripple Xrp Turns Higher

Ripple (Xrp) Turns Higher Towards $0.65

Ripple (XRP) is back in the spotlight once again as the final ruling on the SEC vs. Ripple lawsuit is just around the corner. The market players are hopeful that the ruling will be in favor of the Ripple (XRP) & thus are investing in the coin.

The general perception is that the outcome will be either a win for Ripple or a settlement between the two parties. The reason for this hope is based on the recent move of the SEC, which backed down from its request to classify Polygon, ADA, and SOL as securities.

Ripple (Xrp) To Rally 15%

Right now, Ripple (XRP) is trading around $0.6481, just a little shy of the $0.65 resistance zone. If the ruling is in favor of the Ripple, it will send the XRP towards new highs around $0.70 and even $0.80.

According to analysts, there's a chance that the Ripple (XRP) could gain an additional 15% from its current levels after the ruling.

If we look at the technical chart of the Ripple (XRP), it has already broken out of its downward trend that lasted for several months. Additionally, the coin is now heading towards the $0.65 and then $0.6666 resistance levels.

If the fundamentals are in favor of the Ripple, it would mean a retest of the $0.7440 will be on the cards. It is important to note that this level is at its peak from 11th March and represents a rally of 14.5%.

According to some analysts, XRP will likely move towards the range ($0.6256 - $0.6379) as that's where the FVG (Fair Value Gap) lies. If we look at the MACD, it also supports the thesis of a 15% rally in the $0.6379 as the momentum is still positive.

However, a break below the $0.60 support will be a sign that the bears have taken over. In that case, the next support for the $0.6379 will be near $0.5632 and then $0.55. But that will only happen if the lawsuit's outcome isn't in favor of the Ripple.

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