XRP’s Current Status: After breaking out from the prolonged consolidation and surging by over 500%, the XRP price is relaxing a bit. The token is facing a notable pullback as the buying pressure decreases; however, it could be just a matter of time as a strong rebound could be fast approaching.

Market Performance: The XRP price drops from the highs and trades around $ 2.36 with a rise of nearly 7.14% in the past 24 hours. The market capitalisation also surged over 7% recording the levels around $135 billion. Besides, the trading volume maintain$ a rise of over 14% to reach above $24.23 billion. The bullish sentiments for the token has raised to 87% while the Fear-Greed Index is around 73, dropped from 89 suggesting the markets have shifted to greedy from being extremely greedy.

Technical Analysis: Ever since the token has broken out of the prolonged consolidation, it has been maintaining a pattern in order reach higher targets. Therefore, the price which is consolidating within a descending parallel channel chart pattern is expected to maintain the same trend for a while, followed by a breakout ahead of the yearly close. The XRP price is believed to rise close to the yearly highs at $2.9 and close the trade just above $3.

XRP Price Prediction: The XRP price has broken out after a pretty long time. This suggests the bulls have begun to exert their accumulated strength resulting in a massive upswing. Hence the token is expected to manifest massive bullish moves and with the successful launch of its native stablecoin Usd, XRP price is believed to lauch a huge bullish attract and mark a new ATH.

Future Outlook: The traders became uncertain following the Ripple vs SEC lawsuit and hence a closure is expected offer a strong bullish momentum. Besides, the expanding use cases of the platform like the introduction of Usd, the tables are expected to turn in favour of the token.#BinanceAlphaTop5 $XRP