{"id":624453,"date":"2024-06-13T18:00:50","date_gmt":"2024-06-13T18:00:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=624453"},"modified":"2024-06-13T15:49:25","modified_gmt":"2024-06-13T15:49:25","slug":"xrp-0-5-ex-ripple-director","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-0-5-ex-ripple-director\/","title":{"rendered":"XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted"},"content":{"rendered":"<p><span style=\"font-weight: 400\">It is no longer surprising that\u00a0 the XRP price movement has stagnated around $0.5 in the past few months despite various <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-fund-xrp-ledger-east-asia\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">positive developments for Ripple<\/span><\/a><span style=\"font-weight: 400\">. This <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-on-edge-0-50\/\"><span style=\"font-weight: 400\">lackluster price action<\/span><\/a><span style=\"font-weight: 400\"> has left many XRP investors feeling wanting, especially considering the positive price action of other cryptocurrencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sean McBride, a former director at Ripple, believes XRP is unlikely to register a significant breakout until Ripple\u2019s ongoing lawsuit with the SEC concludes.<\/span><\/p>\n<h2>Ongoing SEC Lawsuit Weighs Heavily On XRP<\/h2>\n<p><span style=\"font-weight: 400\">Ripple&#8217;s legal battle with the SEC has been dragging on for over three years, and it continues to cast a dark cloud over XRP&#8217;s price. Ripple scored a partial win in July 2023 when Judge Torres decided that XRP to retail investors is not a security. This decision resulted in a temporary increase in the price of XRP to $0.90. <\/span><span style=\"font-weight: 400\">However, the embattled crypto token now finds itself stuck below $0.50, unable to break out despite various rebounds and periods of dominance by the bulls.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-price-rally-370-to-2\/\">Crypto Analyst Predicts Cardano Price Will Rally 370% To $2, Here\u2019s The Timeline<\/a><\/div>\n<p><span style=\"font-weight: 400\">A recent example of this repetition was observed in the past 30 days when a <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/bulls-takes-charge-xrp-price-udergoes-brief-recovery\/\"><span style=\"font-weight: 400\">period of bull dominance<\/span><\/a><span style=\"font-weight: 400\"> saw XRP trading just above the $0.5 price mark for three weeks. However, like before, XRP&#8217;s price has failed to maintain its position above this level, and the crypto now finds itself trading around $0.48.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As McBride noted <\/span><a href=\"https:\/\/x.com\/seanmcbride16\/status\/81758852\" rel=\"nofollow\"><span style=\"font-weight: 400\">on social media<\/span><\/a><span style=\"font-weight: 400\">, nothing significant will happen to XRP&#8217;s price until Judge Torres makes her decision. This is in relation to the pending decision on whether the sale of XRP to institutional investors qualifies as the sale of securities. According to the former Ripple director, a clear judgment from the judge would finally enable institutional investors to decide their stance on Ripple and XRP.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cNothing significant is going to happen with the price of XRP until Judge Torres makes her decision,\u201d McBride said. \u201cThis could open up the door for US institutions working with Ripple to \u2018flip the switch&#8217;,\u201d he continued.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I think I\u2019ve mentioned this before. Nothing significant is going to happen with the price of XRP until Judge Torres makes her decision. So anyone expecting anything different is delusional. The next big piece of this is clear legislation in the US. Hopefully that is on the way\u2026<\/p>\n<p>\u2014 Sean McBride (@seanmcbride16) <a href=\"https:\/\/twitter.com\/seanmcbride16\/status\/81758852?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 11, 2024<\/a><\/p><\/blockquote>\n<h2>What Will It Take For XRP Price To Break Out of Its Slump?<\/h2>\n<p><span style=\"font-weight: 400\">Before XRP can truly <\/span><a href=\"https:\/\/bitcoinist.com\/pro-xrp-lawyer-prediction-ripple-remedies-ruling\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">break out of its slump<\/span><\/a><span style=\"font-weight: 400\">, the lawsuit with the SEC must be resolved. As long as the case drags on, uncertainty will hang over the token and suppress the price. A settlement or victory for Ripple would remove this roadblock and likely send the price of XRP surging. Of course, XRP would need to outperform the market to compensate for lost ground over the past three years. However, a loss could deal a major blow to XRP and cause the price to plummet further.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-6-digit-ath\/\">Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-breakout-critical-zone\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">one crypto analyst<\/span><\/a><span style=\"font-weight: 400\"> known as EGRAG CRYPTO, it is only a matter of time before all the rotational profits start flowing into XRP. This, in turn, would lead to XRP&#8217;s price <\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/73152259\" rel=\"nofollow\"><span style=\"font-weight: 400\">breaking out<\/span><\/a><span style=\"font-weight: 400\"> of a descending triangle and pushing towards a target of $7.5.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/zKWA0eQe\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><figcaption class=\"wp-caption-text\">Price recovers after brief dip | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is no longer surprising that\u00a0 the XRP price movement has stagnated around $0.5 in the past few months despite various positive developments for Ripple. This lackluster price action has left many XRP investors feeling wanting, especially considering the positive price action of other cryptocurrencies.\u00a0 Sean McBride, a former director at Ripple, believes XRP is unlikely to register a significant breakout until Ripple\u2019s ongoing lawsuit with the SEC concludes. Ongoing SEC Lawsuit Weighs Heavily On XRP Ripple&#8217;s legal battle with the SEC has been dragging on for over three years, and it continues to cast a dark cloud over XRP&#8217;s price. Ripple scored a partial win in July 2023 when Judge Torres decided that XRP to retail investors is not a security. This decision resulted in a temporary increase in the price of XRP to $0.90. However, the embattled crypto token now finds itself stuck below $0.50, unable to break out despite various rebounds and periods of dominance by the bulls. Related Reading: Crypto Analyst Predicts Cardano Price Will Rally 370% To $2, Here\u2019s The Timeline A recent example of this repetition was observed in the past 30 days when a period of bull dominance saw XRP trading just above the $0.5 price mark for three weeks. However, like before, XRP&#8217;s price has failed to maintain its position above this level, and the crypto now finds itself trading around $0.48. As McBride noted on social media, nothing significant will happen to XRP&#8217;s price until Judge Torres makes her decision. This is in relation to the pending decision on whether the sale of XRP to institutional investors qualifies as the sale of securities. According to the former Ripple director, a clear judgment from the judge would finally enable institutional investors to decide their stance on Ripple and XRP.\u00a0 \u201cNothing significant is going to happen with the price of XRP until Judge Torres makes her decision,\u201d McBride said. \u201cThis could open up the door for US institutions working with Ripple to \u2018flip the switch&#8217;,\u201d he continued. I think I\u2019ve mentioned this before. Nothing significant is going to happen with the price of XRP until Judge Torres makes her decision. So anyone expecting anything different is delusional. The next big piece of this is clear legislation in the US. Hopefully that is on the way\u2026 \u2014 Sean McBride (@seanmcbride16) June 11, 2024 What Will It Take For XRP Price To Break Out of Its Slump? Before XRP can truly break out of its slump, the lawsuit with the SEC must be resolved. As long as the case drags on, uncertainty will hang over the token and suppress the price. A settlement or victory for Ripple would remove this roadblock and likely send the price of XRP surging. Of course, XRP would need to outperform the market to compensate for lost ground over the past three years. However, a loss could deal a major blow to XRP and cause the price to plummet further. Related Reading: Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH According to one crypto analyst known as EGRAG CRYPTO, it is only a matter of time before all the rotational profits start flowing into XRP. This, in turn, would lead to XRP&#8217;s price breaking out of a descending triangle and pushing towards a target of $7.5. &nbsp;<\/p>\n","protected":false},"author":594,"featured_media":624471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-624453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted<\/title>\n<meta name=\"description\" content=\"The XRP price movement has stagnated around $5 in the past few months despite various positive developments for Ripple.\" \/>\n<meta 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