XRP Price Analysis and Market Trends

In recent crypto developments, XRP’s price is forming a sideways triangle pattern, with critical support at $0.47 and resistance at $0.55. The price is currently at $0.48, down 1.08% in the last 24 hours, with trading volume falling by 22.62%. If the price drops below $0.48, it may decline further to test the $0.47 support level. Conversely, breaking above $0.49 could push the price towards the $0.50 resistance. Despite a bearish market, XRP Ledger has achieved a milestone with over 10 million XRP tokens initially locked in its AMM pools, now slightly reduced to around 8.9 million. The ongoing lawsuit between Ripple Labs and the SEC remains a focal point for investors.