Coin

<ul class="wp-block-list news-points"> 
 <li>XRP has plunged 80% from its all-time high.</li> 
 <li>Recent court ruling sparks hope for a potential recovery.</li> 
 <li>Technical indicators suggest XRP may be oversold.</li> 
</ul> 
XRP has faced numerous challenges since its all-time high in January 2018. At the moment, XRP is trading below 80% of its historical value and remains in a rather volatile environment. But there are still hopeful signs indicating what could be a pathway to future recovery. 
New events, such as the recent <a href="https://coinedition.com/ripple-sec-case-lawyers-explain-the-potential-for-an-appeal/?utm_source=telegram_channel&amp;utm_medium=referral">court ruling,</a> might be the trigger to help XRP break out of the long-term downward trend. As of press time, XRP is trading at <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow">$0.5743</a>, reflecting a 2.92% decline over the past 24 hours. 
In the last 24 hours, it has become evident that the price of Ripple or XRP has been on a decline. It dropped to as low as about $0.56 before slightly rising to its current position. This decline further emphasizes the current situation in the market today as XRP has remained relatively stagnant and unable to hold a price above the $0.59 mark. 
Nevertheless, the key resistance level that can be traced for XRP is approximately $0. 56. This point has been key because the price has bounced from this level during the trading da…
The post <a href="https://coinedition.com/80-down-but-not-out-is-xrp-poised-for-a-monumental-surge/">80% Down, But Not Out: Is XRP Poised for a Monumental Surge?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

80% Down, But Not Out: Is XRP Poised for a Monumental Surge?

Coin Edition

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