XRP Price Attempts Bullish Decoupling Amid Major Developments

The

XRP
price
continues
to
remain
suppressed
under
the
heat
of
the

Ripple
vs.
the
United
States
Securities
and
Exchange
Commission
(SEC)
legal
battle.
This
suppressed
price
action
has
continued
to
discourage
investors
when
its
comes
to
the
altcoin.
However,
not
everyone
has
succumbed
to
the
bearish
pressure,
as
crypto
analyst
RLinda
believes
that
the

XRP
price
could
be
attempting
a
decoupling
that
could
lead
to
a
price
breakout
from
here.

XRP
Price
Decoupling
Could
Trigger
Price

Crypto
analyst
RLinda
has

forecasted
a
bullish
picture
for
the
XRP
price
where
the
altcoin
could
completely
break
out
of
its
sluggish
movement.
The
analysis
which
has
now
spanned
a
number
of
a
days
flows
through
XRP’s
performance
over
the
last
year
and
how
it
has
suffered
crashes
even
when
others
in
the
market
were
reaching
new
all-time
highs.

Related
Reading

While
the
coin
continues
to
be
bogged
down
by
the

Ripple
vs.
SEC
battle,
crypto
analyst
RLinda
believes
that
the
XRP
price
could
be
reaching
a
possible
decoupling.
She
explains
that
this
is
happening
not
just
technically
but
fundamentally
as
well.

A
possible
decoupling
is

bullish
for
the
XRP
price,
given
that
it
would
be
the
start
of
a
major
price
rally.
Using
the
1-Week
chart,
the
crypto
analyst
highlights
some
technical
developments
that
could
be
important
to
this
possible
decoupling.

The
first
of
these
is
that
XRP
is
still
testing
the
“Wedge
resistance
with
the
aim
of
breaking
it.”
Also,
RLinda
points
out
that
volatility
is
decreasing
as
the
consolidation
is
continuing
at
this
point.
However,
this
consolidation
could
be
the
reason
that
the
price
begins
another
rally.

As
for
where
the
price
could
go
from
here,
the
crypto
analyst
points
out
that
it
could
possibly
rally
as
high
as
$0.6265
and
even
reach
$0.73
by
the
time
it
is
done.
However,

XRP
must
hold
the
support
level
at
$0.4637
while
breaking
the
resistances
being
mounting
at
$0.4962
and
$0.5720.

Factors
Holding
Price
Down

While

XRP
price
continues
to
be
one
of
the
most
popular
cryptocurrencies
in
the
market,
a
number
of
factors
have
suppressed.
The
major
one
is
the
lawsuit
mentioned
above.
Even
though
Ripple
has
scored
multiple
victories
against
the
regulator
during
this
time,
the
fact
that
the
lawsuit
is
yet
to
be
officially
over
continues
to
present
a
major
hurdle.