There are several factors that play a role in determining the direction of the XRP price, including:
Ripple vs SEC Case: According to the latest updates, the legal case between Ripple and the US Securities and Exchange Commission (SEC) may reach a settlement in the coming months, which could significantly affect price movement.
General market trends: With Bitcoin's value rising and approaching $95,000, there are expectations that alternative coins like XRP will see a new upward wave, especially if the positive momentum in the cryptocurrency market continues.
Technical analysis: Technical indicators suggest that XRP is showing upward momentum, having surpassed the 9-day moving average, which could indicate the potential for additional gains if the price can break through the resistance level at $2.40–$2.50.
