XRP Pinned Below $0.66, Risks Being Flipped By USDC
XRP remains in range below $0.66 despite bulls' optimism in recent sessions. As it is, USDC might flip the coin to sixth
XRP remains at sixth in the market cap leaderboard. Though the uptrend remains and bulls are steady, rejecting attempts for lower lows, there must be a clear trend definition. For what it is, bulls have a chance. Also, the uptrend remains as long as prices are within the bull bar of March 11.
At press time, XRP is steady in the last 24 hours and up 7% in the previous week. Trading volume is also up 66%, while the market cap is up to over $35 billion, adding 3% in the past 24 hours.
Bulls are pushing for better prices, but the coin remains flat and within a tight range in the daily chart. Following the expansion on March 25, traders are looking for entries on dips. However, as XRP remains choppy, USDC might flip it to sixth.
The following XRP news developments might shape prices in the short term:
- Ripple Chief Legal Officer Stuart Alderoty claims that the United SEC wants to fine the blockchain company $2 billion. However, Alderoty thinks the regulator should “faithfully apply the law” and not resort to intimidation.
- Today, the revised SEC document will be released as part of the ongoing Ripple versus United States SEC case. On Friday, the regulator filed remedies-related briefs and all supporting documents.
XRP Price Analysis
XRP/USD traders are optimistic of what lies ahead.
However, for the uptrend to be confirmed, prices must pull firmly from the current range.
Important price levels to watch in the short term are $0.66 on the upper end and $0.59 on the lower end.
Since bulls appear to be in charge, traders might expect a close above the immediate liquidation level. The breakout, nonetheless, must be with rising volume.
In that case, XRP might rally to March 11 highs of around $0.74.
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