XRP's price is rising within a bullish channel as the SEC's deadline to appeal approaches. The founders of XRPL Labs have voted to reduce the XRP account reserve fee, resulting in a 90% waiver. XRP is inching closer to the $0.55 mark and has the potential to reach the $0.60 milestone. The altcoin has bounced back from a recent drop and is showing positive momentum. Technical indicators suggest a bullish trend, and a sustained rally would require overcoming resistance levels. A breakout from the rising channel could challenge higher price levels. Key support levels for XRP are at $0.55 and $0.5174.



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