XRP price is on verge of big price changes based on what its chart shows

The XRP ranks highly in CoinMarketCap’s list of cryptocurrencies by market capitalization, but its recent price movement has gone chiefly ignored. The XRP price has simultaneously demonstrated strength and prepared itself for a further march north.

xrp-price-is-on-verge-of-big-price-changes-based-on-what-its-chart-shows

XRP/USD 4-hour chart | Source: TradingView

XRP Price Prepares for Major Price Action, Here’s What to Expect

The price of XRP increased by 7.5% during the second week of the crypto market’s recovery from the FTX crash, but more crucially, it was able to leave the $0.38 range. Hold the price there, and the path to $0.46–$0.5 per XRP is open, representing a 20% increase and a return to levels before the FTX crash. It’s also encouraging that the price rebound for XRP during the past two weeks has already exceeded a third of that fall, or 48%, to be exact.

When examining the XRP chart, it’s important to consider the underlying factors that affect this token’s price. The SEC v. Ripple case, arguably the most significant regulatory and industrial conflict, names XRP as a “defendant.”

The potential of a settlement between the parties has recently emerged. Some attorneys working in the cryptocurrency industry think that such a result is possible.

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