As reported by CryptoPotato, Ripple's XRP remains stable at $0.50 despite the overall market trend. Analysts predict that if market conditions are favorable, the price of XRP could rise significantly, and the $0.49 resistance level is seen as key. For example, analyst EGRAG CRYPTO praised XRP's recent consolidation and predicted that as long as its trading price can remain above the $0.49 resistance level, it is possible to surge to $6.40 in the coming months.
Another analyst, CrediBULL Crypto, also said that XRP's future price rise depends in part on Bitcoin. They believe that if Bitcoin rebounds quickly as expected, it would be a very good sign if XRP's reaction is strong enough to bring it back above $0.64. However, many industry participants believe that the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission is the main obstacle hindering the XRP bull run.
