The XRP price has been swimming against the tide and continues to show strength against larger cryptocurrencies, such as Bitcoin and Ethereum. A potential settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple might continue to prompt this cryptocurrency to the upside.
At the time of writing, the XRP price trades at $0.52 with sideways movement in the last 24 hours and a 17% profit in the last week. As NewsBTC reported last week, the cryptocurrency broke out of a major downside trendline hinting at future appreciation with a target set at its current levels.
XRP Chills Before Taking Off? Consolidation Might Be Key
In late September, the XRP price was able to reach the middle area of its current levels at $0.55 before beginning a descend to a monthly low at $0.44.
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