The price of XRP has been in a drawdown for almost four years due to the SEC lawsuit against Ripple Labs. The recent Notice of Appeal from the SEC has further dampened sentiment and caused the price to drop. However, there is strong community confidence in the coin and it has experienced a recent rebound in price. The trading volume has also increased significantly. If XRP can establish support at the $0.53 level and surpass $0.54, there may be a potential rally ahead. Despite the uncertainty, there is anticipation for a spot XRP ETF in the US, which could boost sentiment and price growth.



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