Ripple Price Analysis: XRP delayed price action to $1.44 for a 34% launch

Ripple scaled several resistance levels after dropping to $0.8 last week. The increase coincided with the victory of another Ripple Lab lawyer over the Securities and Exchange Commission (SEC) in the pending lawsuit. When the US SEC asked about the sale of XRP tokens, it requested access to Ripple's contact data. Judge Sarah has decided to maintain Ripple's attorney-client privilege and deal another blow to the SEC. After the win, Ripple's price surged above $1 and shrugged at $1.1. However, the uptrend has slowed and forced the bulls to seek shelter at $1. Meanwhile, XRP has stable price action at this level as buyers watch for a potentially major breakout. Ripple Sees Comprehensive Revival as Breaking Key Technical Resistance The international money transfer token is dancing within the confines of an ascending triangle. This popular and highly technical pattern usually forms in an uptrend. However, the pattern has a bullish impulse even if it occurs in a downtrend.” Consolidation is nearing its end when the two trend lines converge. On the other hand, rising lows imply that the bulls are getting stronger. A breakout occurs before the lines meet and is characterized by an increase in trading volume. Triangles have a clear break, measured from highest to lowest. For example, if the pattern on the chart matures as expected, Ripple could rise another 34 billion percent to trade around $1.44. XRP/USD Four-Hour Chart XRP/USD Price Chart from Tradingview Slow price action has been interrupted by the Relative Strength Index (RSI) and will likely last longer. Similarly, the Moving Average Convergence Divergence (MACD) indicator has no defined signal; so the bullish and bearish forces seem to cancel each other out, explaining the consolidation at $1. Ripple Intraday Levels Spot Price: $1 Trend: Sideways Volatility: Low Support: $0.9 and $0.8 Resistance: $1.1 and $1.2 Post Ripple Price Analysis: XRP lags behind price action

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