Ripple price analysis: XRP rejects downside at $0.56, sharp retracement incoming?

Ripple price analysis is bullish today as we expect the several-day decline to have ended after a slowdown and rejection for further downside at $0.56. XRP/USD is likely ready to reverse and retrace some of the loss early next week.

Timeline of Xrp

Ripple has touched the range between $0.5-0.55 three times over the past year. Now, the bears are trying to bring the price to this range once again, but will support hold the fourth attempt?

Ripple price analysis is bearish today as we expect another drop lower to follow after consolidation below the $0.60 resistance. Likely XRP/USD will push towards the next support at $0.57 later in the weekend.

XRP's price has been under the prolonged dominance of the bears. Which has slashed the valuation of the crypto asset to a greater extent. The torrential torments since the start of the year, have brought the price down by 30%. Wherefore, the marketers from the space are now keen on learning about the plausible projections …

The host of popular crypto commentary and market analytics show Coin Bureau has shed some light on why the U.S.'s top financial regulator is targeting Ripple (which is headquartered in San Francisco, California) and digital asset XRP. In December 2020, the U.S. Securities and Exchange Commission (SEC) charged payments start-up Ripple and two executives —

Ripple price analysis shows price on the up after falling to lowest level in 3 months. XRP declined down to $0.58 over yesterday's trade following a lengthy spell on the sidelines.

The crypto market experienced a sharp drop yesterday, liquidating many long positions. A lot of cryptocurrencies are approaching their long-term support levels, and it remains to be seen how bulls will defend them.

On May 4, the product comparison platform finder․com published a ripple price prediction report that polls 36 fintech specialists. According to findings stemming from the participating panelists, ripple could jump to $2.55 per unit by December 2022. However, the prediction relies on Ripple Labs winning or settling its lawsuit with the U.S. Securities and Exchange

Banco Galicia, which is one of the largest banks in Argentina, has become the first bank in the South American nation to offer a crypto trading service to its clients. Banco Galicia — founded in 1905 — calls itself “the most important Argentine private bank”, and is a wholly-owned subsidiary of Grupo Financiero Galicia, which

Attorney and crypto expert Jeremy Hogan thinks Ripple has finally “taken the gloves off” in its legal face off against the U.S. Securities and Exchange Commission (SEC). The SEC sued Ripple in late 2020, alleging that the payments firm sold XRP as an unregistered security. Recent squabbles in the lawsuit have centered around documents relating The post Ripple Takes the Gloves Off in XRP Lawsuit, Goes After ‘Ridiculous' SEC Tactics: Crypto Legal Expert appeared first on The Daily Hodl.

The price of Ripple-affiliated XRP could be worth as much as USD 2.55 by the end of the year, provided Ripple wins its ongoing court battle with the US Securities and Exchange Commission (SEC), according to the average forecast by a panel of experts surveyed by comparison website Finder.com.