Key breakout looms for Ripple XRP/USD. Here is the price action and analysis.

1. Ripple’s case with SEC continues to drag on as regulator slams XRP-friendly firms
2. XRP stays bullish despite consolidating the past week
3. Expect a breakout from an inside bar, with $0.60 in sight

Ripple XRP/USD remains bullish but has been consolidating lately. The developments regarding Ripple’s case with the SEC continue to be the main price catalyst.

On October 5, the SEC protested amici briefs submitted to the court by two firms supporting Ripple. The regulator said the briefs contradicted the prior court’s order and fell outside the limitations of discovery rules. Ripple has since slammed the SEC for its attempt to stop XRP-friendly firms ahead of the summary judgement.

While the outcome of Ripple’s case with the SEC remains uncertain, XRP buyers have been