As reported earlier that the bulls may not consider entering until the XRP price manages to attain $0.97 levels. It appears that the time is approaching as the recent kick-off broke the consolidation, pointing to a bullish trend ahead. Currently, the sellers are attempting very hard to restrict the price below $0.8. But the buyers are poised to keep up the rally.
The current breakout above $0.8 clear indicates the intentions of the bulls to escort the price close to the pivotal levels. The uptrend has lowered its pace a little at present as traders may be waiting for another breakout above the $0.8 levels towards $0.9. Once these levels are attained, then the bulls may comfortably escort the price above $1.
The XRP price during the previous day’s close managed to enter the crucial resistance zone. However, presently, the sellers are extracting huge profits with a minor spike and hence a slight possibility of re-entering the triangle surfaces. In such a case, the price may flip quickly again out of the triangle to regain the lost positions beyond the pivotal levels.
Also Read : Ripple Vs SEC: Huge Win For Ripple Today! Is the Lawsuit Close Enough to Its Conclusion
The XRP price in the short term had surpassed the strong resistance zones and was about to hit $0.85 zones. However, at present, the price is swinging within the zone and a posses huge possibility of hitting the lower support. Therefore, the price may rebound firmly hitting the lower support at $0.78. Further rising high to surge beyond $0.85 during the weekend.
Collectively, the rounds of the Ripple vs SEC case has ignited a significant uptrend. And hence the XRP price could follow the same path. Therefore, in the upcoming weekends, the crypto space may display a notable bullish momentum. Hence XRP price may probably not hit $1 but at least secure the positions close to $0.87.
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Source: https://coinpedia.org/price-analysis/ripples-advance-in-the-sec-case-uplifts-the-xrp-price-yet-1-remains-far-off/