XRP's price may be poised for a bullish breakout due to a major announcement by Coinbase CEO Brian Armstrong regarding the SEC lawsuit. Coinbase has reached an agreement to dismiss the litigation against the company, which could lead to the dismissal of charges against the exchange. This positive development increases the likelihood that the SEC may drop its appeal against Ripple. The weekly chart shows that XRP has been consolidating in recent months, but it has remained above crucial support levels and bullish indicators suggest a potential target of $3.40, with further upside towards $5.



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