CandleFocus XRP to regain bullish momentum if BTC surges past $67K – Analyst
2024-10-15
Author: Content Editor
A crypto analyst predicts that XRP could see a surge in price if Bitcoin surpasses $64,000. The analyst believes that XRP's price is currently strong and could regain bullish momentum if Bitcoin performs well. XRP has maintained a sideways range between $0.50 and $0.67 over the past two months, potentially due to anticipation of the verdict in the lawsuit between Ripple and the SEC. Ripple recently received a fine of $125 million from the court, which pleased XRP traders and sent the market into a bullish phase. However, the SEC has announced its decision to appeal the judgment, leading to a decline in XRP's price. Despite this, XRP has rebounded and is currently trading at $0.546. Analysts expect XRP to thrive based on current technical factors, considering that the court may hold back the appeal for another time.
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