Ripple’s XRP token is in the spotlight again with a strengthening technical analysis outlook for the token. At the same time, investors are becoming more hopeful that a long legal battle with America’s financial regulator could soon end and, with XRP potentially skyrocketing as a result.
From a longer-term technical analysis standpoint, the XRP token now appears stronger than in a long time, despite falling prices on Monday and Tuesday this week. On the weekly chart, a clear uptrend has been established after the token traded up strongly on September 22.
The surprising price action has also led to important price levels being broken, with the token smashing through the $0.50 level on September 23. Naturally, the next major psychological level after that would be $1.
