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Also Read: XRP Avoids Extreme Bearish Cross Buildout: Can Ripple Breach $1 Now? Sean McBride, the former Director at Ripple, stated that XRP will not rally until Despite experiencing a sluggish price pace for a long time, the XRP community is hoping for a terrific Ripple comeback in terms of its valuation and pricing. XRP is under pressure, down nearly 6% in the past 24 hours and teetering just above the $2 mark as bearish momentum builds. A $1.02 billion unlock from Ripple’s XRP’s weekly chart shows a head and shoulders pattern, a signal of a potential reversal from bullish to bearish. The MACD on the same chart has dropped into If Ripple were to lose the case, XRP’s price could see a significant decline, possibly toward the $0.50 range. However, a favorable ruling could lead to an immediate The Relative Strength Index (RSI) has generated a bearish divergence, while the Moving Average Convergence/Divergence (MACD) made a bearish cross (black circle). Ripple [XRP] may boast real-world utility – from preventing network spam to serving as a bridge asset for cross-border transfers, but that hasn’t shielded it from market

XRP Avoids Extreme Bearish Cross Buildout: Can Ripple Breach $1 Now?

The XRP community is buzzing with anticipation: Can XRP finally breach the $1 mark? Despite experiencing a sluggish price pace for a long time, hopes for a terrific Ripple comeback are running high. But can it withstand the pressure?

Bearish Signals Abound, But Hope Remains

XRP is under pressure, down nearly 6% in the past 24 hours and teetering just above the $2 mark as bearish momentum builds. The market faces headwinds, and XRP Avoids Extreme Bearish Cross Buildout is the question on everyone's mind. A $1.02 billion unlock from Ripple's escrow adds to the uncertainty.

Technical Analysis Paints a Mixed Picture

XRP’s weekly chart shows a head and shoulders pattern, a signal of a potential reversal from bullish to bearish. The MACD on the same chart has dropped in a bearish direction, confirming negative sentiments. The Relative Strength Index (RSI) has generated a bearish divergence, while the Moving Average Convergence/Divergence (MACD) made a bearish cross (black circle), raising concerns about further downward pressure.

The SEC Lawsuit: A Major Deciding Factor

The ongoing SEC lawsuit continues to cast a long shadow. If Ripple were to lose the case, XRP’s price could see a significant decline, possibly toward the $0.50 range. However, a favorable ruling could lead to an immediate price surge, potentially pushing it past the coveted $1 threshold. Can Ripple Breach $1 Now? largely hinges on the outcome of this legal battle.

Ripple's Utility vs. Market Sentiment

Ripple [XRP] may boast real-world utility – from preventing network spam to serving as a bridge asset for cross-border transfers, but that hasn’t shielded it from market volatility. Also Read: XRP Avoids Extreme Bearish Cross Buildout: Can Ripple Breach $1 Now? – this question highlights the disconnect between Ripple's practical applications and current market sentiment.

Former Ripple Director Weighs In

Sean McBride, the former Director at Ripple, stated that XRP will not rally until [relevant timeframe or conditions]. This adds another layer of complexity to the prediction game. Will his prediction hold true, or can XRP defy expectations and break through $1 despite the challenges?

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