XRP has struggled to move toward the $1 mark for years, with the token predominantly consolidating below $0.60. The asset has generally failed to keep up with peers such as Bitcoin (BTC).
One of the cited barriers to XRP’s lackluster growth has been the court case between Ripple and the Securities Exchange Commission (SEC). Although the case outcome has largely favored Ripple, with the token retaining its non-security status, XRP has shown minimal movement to anchor it in a position to reach $1.
By press time, XRP was trading at $0.51, having rallied over 2% in the last 24 hours. However, on the weekly chart, the token is down 1.7%.
XRP seven-day price chart. Source: Finbold
At the current valuation, XRP’s technical setup is exhibiting upcoming bearishness, with the token trading below the 50-day and 200-day moving averages.
For XRP to clinch the $1 mark, the token faces key resistance areas that must be breached in the short and long term.
In this regard, an analysi
We współpracy z: https://finbold.com/ai-sets-date-when-xrp-will-hit-1/
