XRP Price Set To Make a Comeback

Krutika Adani

Price Consolidates Above $0.42

After a steep fall from $0.5, XRP has consolidated near $0.42.

Why Did the Price Decline

The decline came after the SEC returned to its $2 billion fine after offering a $103 million settlement offer Ripple rejected.

XRP Now at Accumulation Levels

As per analyst Michael from Elliott Wave Pro, XRP’s price has reached accumulation levels and might rise soon.

Elliott Wave Analysis

As per the indicator, from $0.42 to $0.45, XRP could rise an Elliott recovery wave that could take XRP to $0.5.

Important Levels

If the price of XRP crosses the resistance of $0.5, it could again reach the level of $0.65. On the downside, a breakdown below $0.4 could cause XRP to fall up to 10% more.