XRP Price Prediction: Fueling This Positive Sentiment Are Extremely Bullish Predictions Emerging

input: XRP is currently trading at $2.46, showing a 1.66% increase in the past 24 hours, as per CoinMarketCap data.

Key levels to watch now that the SEC has dropped its appeal.

EGRAG CRYPTO has set multiple price targets for.

These predictions are based on historical price patterns in ‘s past performance, combined with Fibonacci extension levels.

If follows its previous market cycles, it could break above the $3.40 resistance and enter a phase of price discovery, setting new all-time highs.

What Do Technical Indicators Suggest About ‘s Next Move?

The Bollinger Bands show that is trading close to its middle band. This often indicates a period of consolidation in the market.

A move upwards towards the upper band of the Bollinger Bands, currently at $2.58, could signal the development of a bullish trend. Conversely, a drop below the lower band, around $2.09, might suggest an impending pullback or downward pressure.

The RSI, at 52.91, suggests that is in neutral territory, neither overbought nor oversold, leaving room for further upward movement.

If buying pressure increases, the RSI could push past the 60 mark, which is often seen as a signal of stronger momentum building for a price rally.

How Does Ripple’s Legal Victory Factor Into ‘s Outlook?

A development that has likely contributed to the improved sentiment surrounding is Ripple Labs’ agreement to a $50 million settlement with the SEC.

Ripple Labs recently agreed to a $50 million settlement with the United States SEC.

The lawsuit, which alleged Ripple of selling XRP as an unregistered security, had been a major source of uncertainty for investors. With this legal hurdle removed, confidence in XRP’s long-term prospects is up by notches.

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