XRP, the native cryptocurrency of the Ripple network, has been trading flatly over the last two weeks, mirroring the general calmed market across other major cryptocurrencies. XRP performed unusually well in March, seeing prices up by around 60%, however April marked a sharp decline by over 20%. Analysts are struggling to predict the future for the XRP token, with one pseudonomous expert believing it will drop significantly to $0.40, while another has stated it could hit $1 with the help of positive news from the crypto market.

The XRP’s price is stuck in a "bearish flag" pattern, as per XRP CAPTAIN, who believes it is gearing up for a further dip. Other analysts like, TARA and Harry, have highlighted the key resistance level of $0.478 has not been broken, meaning that a clear direction for the price is yet to be established. At present, XRP is trading at around $0.46 and the recent 24 hour period has seen a decline of 0.33%.

The future of the XRP token may be hinging on the outcome of the SEC’s case against Ripple, which is due to conclude soon. If the case goes in Ripple’s favor then the price could surge to above $1 as Ripple gains clarity in the U.S market. Major exchanges like Coinbase would then likely re-list XRP, pushing prices even higher.

The crypto market appears to move in cycles and, although the SEC case could have a major effect on the direction of XRP in the short term, it's difficult to say what will happen the the token in the long run. As a result, traders and investors will no doubt be on the edge of their seat, hoping that their investments provide returns that exceed their expectations.



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