Despite Ripple‘s stagnation, it is reported that XRP is struggling to make a significant move and has entered consolidation, even after a court decision in the US Securities and Exchange Commission (SEC) stating that the token is not a security.
Crypto analyst CryptoInsightUK emphasizes that XRP has the potential to make a move of more than 88% against Bitcoin and that this situation is highlighted by the lower boundary of the XRP/BTC chart. The analyst notes that the real excitement will begin if XRP breaks above the 0.000028 rate and stays above this level.
If XRP manages to maintain a position above the 0.000028 rate, it is stated that it could surpass the critical 1 dollar level and has a potential to rise over 1500% compared to Bitcoin. It is indicated that breaching this fundamental level could lead to reaching the 0.00023 level on the XRP/BTC chart.
XRP, which does not move in sync with the general market, might be hindered due to the overall uncertainty surrounding the SEC case, and concerns are increasing when considering the potential for an appeal and the possibility of a settlement after the initial decision.
A general market rally, positive news, or sensitivities in the crypto field could push XRP even higher, and it is indicated that this could lead to testing the 0.75 dollar region after an attempt above 0.65 dollars.