{"id":627436,"date":"2024-07-03T00:30:04","date_gmt":"2024-07-03T00:30:04","guid":{"rendered":"https:\/\/uniquehot.com\/?p=627436"},"modified":"2024-07-02T15:48:54","modified_gmt":"2024-07-02T15:48:54","slug":"xrp-price-attempts-bullish","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-attempts-bullish\/","title":{"rendered":"XRP Price Attempts Bullish Decoupling Amid Major Developments"},"content":{"rendered":"<p class=\"p2\">The <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-maintains-support-0-4740\/\">XRP price continues to remain suppressed<\/a> under the heat of the <a href=\"https:\/\/uniquehot.com\/news\/ripple\/xrp-price-set-for-colossal-63000-breakout-as-ripple-secures-crucial-partnership-in-europe\/\">Ripple vs. the United States Securities and Exchange Commission (SEC)<\/a> legal battle. This suppressed price action has continued to discourage investors when its comes to the altcoin. However, not everyone has succumbed to the bearish pressure, as crypto analyst RLinda believes that the <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-set-to-surge-0-480\/\">XRP price could be attempting a decoupling<\/a> that could lead to a price breakout from here.<\/p>\n<h2 class=\"p2\">XRP Price Decoupling Could Trigger Price<\/h2>\n<p class=\"p2\">Crypto analyst RLinda has <a href=\"https:\/\/www.tradingview.com\/chart\/XRPUSDT\/klrK68l9-XRP-Rally-to-0-730-The-fundamental-denouement-is-coming\/\" rel=\"nofollow\">forecasted<\/a> a bullish picture for the XRP price where the altcoin could completely break out of its sluggish movement. The analysis which has now spanned a number of a days flows through XRP\u2019s performance over the last year and how it has suffered crashes even when others in the market were reaching new all-time highs.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-bottomed-rally-0-8\/\">Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level<\/a><\/div>\n<p class=\"p2\">While the coin continues to be bogged down by the <a href=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-vs-sec-update-lawsuit\/\">Ripple vs. SEC battle<\/a>, crypto analyst RLinda believes that the XRP price could be reaching a possible decoupling. She explains that this is happening not just technically but fundamentally as well.<\/p>\n<p class=\"p2\">A possible decoupling is <a href=\"https:\/\/uniquehot.com\/news\/xrp-price-on-the-verge-of-breaking-falling-wedge-that-could-lead-to-4-increase\/\">bullish for the XRP price,<\/a> given that it would be the start of a major price rally. Using the 1-Week chart, the crypto analyst highlights some technical developments that could be important to this possible decoupling.<\/p>\n<p class=\"p2\">The first of these is that XRP is still testing the \u201cWedge resistance with the aim of breaking it.\u201d Also, RLinda points out that volatility is decreasing as the consolidation is continuing at this point. However, this consolidation could be the reason that the price begins another rally.<\/p>\n<p class=\"p2\">As for where the price could go from here, the crypto analyst points out that it could possibly rally as high as $0.6265 and even reach $0.73 by the time it is done. However, <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-targets-recovery-0-4825\/\">XRP<\/a> must hold the support level at $0.4637 while breaking the resistances being mounting at $0.4962 and $0.5720.<\/p>\n<h2 class=\"p2\">Factors Holding Price Down<\/h2>\n<p class=\"p2\">While <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-dips-0-4680\/\">XRP price continues to be one of the most popular cryptocurrencies<\/a> in the market, a number of factors have suppressed. The major one is the lawsuit mentioned above. Even though Ripple has scored multiple victories against the regulator during this time, the fact that the lawsuit is yet to be officially over continues to present a major hurdle.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/45-drop-for-bitcoin-crypto-analyst\/\">Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won\u2019t Go Below This Level<\/a><\/div>\n<p class=\"p2\">In her analysis, RLinda points to these issues as being behind the price not performing well. However, <a href=\"https:\/\/uniquehot.com\/news\/ripple-ceo-5-trillion-crypto\/\">Ripple CEO Brad Garlinghouse<\/a> has said that he expects the lawsuit and settlement to be complete by the end of this summer. This puts it sometime before September.<\/p>\n<p class=\"p2\">If this happens, then it would mark a pivotal point for the turnouts in <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-fails-0-480\/\">the XRP price<\/a>. \u201cThe Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority,\u201d the analyst said.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Zs3GibM8\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><figcaption class=\"wp-caption-text\">XRP bulls push price higher | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The XRP price continues to remain suppressed under the heat of the Ripple vs. the United States Securities and Exchange Commission (SEC) legal battle. This suppressed price action has continued to discourage investors when its comes to the altcoin. However, not everyone has succumbed to the bearish pressure, as crypto analyst RLinda believes that the XRP price could be attempting a decoupling that could lead to a price breakout from here. XRP Price Decoupling Could Trigger Price Crypto analyst RLinda has forecasted a bullish picture for the XRP price where the altcoin could completely break out of its sluggish movement. The analysis which has now spanned a number of a days flows through XRP\u2019s performance over the last year and how it has suffered crashes even when others in the market were reaching new all-time highs. Related Reading: Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level While the coin continues to be bogged down by the Ripple vs. SEC battle, crypto analyst RLinda believes that the XRP price could be reaching a possible decoupling. She explains that this is happening not just technically but fundamentally as well. A possible decoupling is bullish for the XRP price, given that it would be the start of a major price rally. Using the 1-Week chart, the crypto analyst highlights some technical developments that could be important to this possible decoupling. The first of these is that XRP is still testing the \u201cWedge resistance with the aim of breaking it.\u201d Also, RLinda points out that volatility is decreasing as the consolidation is continuing at this point. However, this consolidation could be the reason that the price begins another rally. As for where the price could go from here, the crypto analyst points out that it could possibly rally as high as $0.6265 and even reach $0.73 by the time it is done. However, XRP must hold the support level at $0.4637 while breaking the resistances being mounting at $0.4962 and $0.5720. Factors Holding Price Down While XRP price continues to be one of the most popular cryptocurrencies in the market, a number of factors have suppressed. The major one is the lawsuit mentioned above. Even though Ripple has scored multiple victories against the regulator during this time, the fact that the lawsuit is yet to be officially over continues to present a major hurdle. Related Reading: Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won\u2019t Go Below This Level In her analysis, RLinda points to these issues as being behind the price not performing well. However, Ripple CEO Brad Garlinghouse has said that he expects the lawsuit and settlement to be complete by the end of this summer. This puts it sometime before September. If this happens, then it would mark a pivotal point for the turnouts in the XRP price. \u201cThe Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority,\u201d the analyst said. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":627450,"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":[167,6664,26263,14690,3680,92145,3799,89194,85513,4531,83637,13172,10972,78763],"class_list":["post-627436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news-ripple-vs-sec","tag-sec","tag-sec-news","tag-sec-vs-ripple","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Attempts Bullish Decoupling Amid Major Developments<\/title>\n<meta name=\"description\" content=\"The XRP price continues to remain suppressed under the heat of the Ripple vs. 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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