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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-moves-ripples-xrp" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Moves Ripple’s XRP</a><br></p>
<p style="text-align: justify">Bitcoin price fluctuations have significantly impacted altcoins, with <a href="https://en.bitcoinhaber.net/ripple-faces-crucial-legal-showdown-with-sec" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Coin standing out by surpassing the $0.523 mark. Currently trading at $0.523, XRP Coin is poised for various developments throughout the week that could positively influence its price. Investors are keen to understand what lies ahead for XRP Coin.</p>
<h2 id="what-is-the-current-status-of-xrp-coin">What Is the Current Status of XRP Coin?</h2>
<p style="text-align: justify">Ripple’s (XRP) price reached a one-month high of $0.56 on May 6 before encountering selling pressure that pushed it below the 20-day EMA. Today, it hovers around $0.51, though it has recovered to $0.523 in line with Bitcoin’s recent price rebound. A short-term dip below the 20-day EMA would signal a bearish trend, but XRP Coin has managed to avoid this so far.</p>
<p style="text-align: justify">If Bitcoin initiates a new downfall to liquidate early long positions, XRP’s price could drop below $0.51 again. The coin’s MVRV ratio for 30-day and 365-day averages suggests that the current price range may appeal to <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="external">investors</a> looking to capitalize on dips.</p>
<h2 id="how-might-xrp-coin-s-price-evolve">How Might XRP Coin’s Price Evolve?</h2>
<p style="text-align: justify">A further increase in Bitcoin’s price could trigger additional gains for altcoins, including XRP Coin. If Bitcoin continues closing above $67,500, better price charts might follow. However, the ongoing legal battle between the SEC and Ripple remains a significant factor. U.S. Representatives are set to vote on new crypto legislation, and President Biden’s decision on a crypto-friendly bill could significantly impact the market, particularly with upcoming elections in mind. A favorable outcome could positively influence other crypto cases and XRP’s legal battle.</p>
<h2 id="key-factors-for-investors">Key Factors for Investors</h2>
<ul>
 <li>XRP Coin’s short-term recovery depends closely on Bitcoin’s price movements.</li>
 <li>The ongoing SEC vs. Ripple case remains a crucial factor for XRP’s <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">future</a>.</li>
 <li>Upcoming U.S. government decisions on crypto legislation may influence market dynamics.</li>
 <li>Positive funding in XRP futures suggests a potential price increase if it surpasses $0.53.</li>
 <li>A drop below $0.5 might set the new target at $0.44.</li>
</ul>
<p style="text-align: justify">Returning to the price, the market’s favorable sentiment towards XRP futures indicates that if the $0.53 resistance is broken, XRP Coin could aim for $0.58. On the downside, a close below $0.5 might drive the price down to $0.44.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-moves-ripples-xrp" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Moves Ripple’s XRP</a></h5>

Bitcoin Price Moves Ripple’s XRP

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