Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Coinpedia Fintech News on May 12, 2023, 02:17:35 PM
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The crypto market is experiencing a downturn, with many cryptocurrencies testing or falling below crucial support levels. Bitcoin plummeted below $27,000 and lost support at $26,500, while ETH dropped below $1760. However, XRP has shown remarkable strength and resilience amid the market's bearish trend.
The positive sentiment surrounding the Ripple vs SEC lawsuit is one reason for the growing strength of XRP. Ripple CEO, Brad Gardlinghouse, recently expressed optimism that the lawsuit would be resolved before the end of Q3, fueling the XRP price.
While the price of XRP is rising in the short term and may test interim resistance levels, it's important to reach the next resistance at $0.5 to eliminate the bearish influence. To trigger a significant bull run towards $3.3, the price must hit the major resistance at $0.67. This prediction has been made by a popular analyst.