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Resistance

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<p dir="ltr">Despite the reboot most assets are facing intermittently, the broader market is in consolidation mode. XRP has showcased a promising front on the broader market, with its more than 34% rally in the past week. As of writing, XRP was changing hands for $0.7286, up 3.2% in 24 hours,<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">per</a> data from CoinMarketCap. With this growth trend comes a major bump ahead.</p>
<h2 id="xrp-resistance-level-to-watch">XRP resistance level to watch</h2>
<p dir="ltr">Per the current price level, XRP is looking to breach the $0.80 price level. This price point has formed a very troubling resistance point for the coin over the past few years.</p>
<p dir="ltr">While it once traded at $3.84, the coin has struggled to flip the $0.80 to $1 level into formidable support. Amid the ongoing bull market rally, the price of XRP has topped a 30-day high of $0.7435. If the current trend continues, the coin might attempt to breach this level.</p>
<p dir="ltr">While this is not impossible, the question remains whether the broader market rally can last long enough to support this push for the coin. Ideally, XRP has a definitive use case within the<a href="https://u.today/xrp-ledger-now-one-click-away-for-30-million-metamask-users-details" rel="noopener noreferrer nofollow">XRP Ledger</a> ecosystem. It also plays a crucial role within the Ripple Labs payment network, which helps enhance its overall adoption.</p>
<p dir="ltr">Despite these sustainable use cases, XRP’s growth has proven to decouple from this utility outlook, which may not boost its price moving forward.</p>
<h2 id="core-trigger-to-watch">Core trigger to watch</h2>
<p dir="ltr">With Bitcoin still<a href="https://u.today/planning-the-bitcoin-100000-party-microstrategys-michael-saylor" rel="noopener noreferrer nofollow">running toward the $100,000</a> price mark, XRP has the leverage to sustain its mild bull run. The coin might get a parabolic boost if there is a major positive update in favor of Ripple Labs in its ongoing<a href="https://u.today/ripples-sec-lawsuit-key-dates-to-watch" rel="noopener noreferrer nofollow">legal tussle</a> with the U.S. Securities and Exchange Commission (SEC).</p>
<p dir="ltr">XRP is constantly in the spotlight, and while the $0.80 resistance level seems like a major hassle, the coin might breach even higher price marks in this bull cycle.</p> <a href="https://u.today/xrp-price-approaching-troubling-resistance-level" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

XRP Price Approaching Troubling Resistance Level

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