coingape.com
- XRP price falls -15% from weekly high of $0.73
- Major support of $0.638 must hold to keep price afloat
- XRP price has been respecting a descending channel for over a month
XRP Price Market Overview
XRP has been one of the weaker alts the last few weeks as price has nearly stayed within a 10 cent range. The SEC lawsuit against Ripple Labs is still dragging on as not much progress has been made. This has created a barrier for many institutions and investors who would like to invest in XRP. Projections for a conclusion on the lawsuit stand around the first quarter of 2022. Many believe once the lawsuit against Ripple Labs is lifted, XRP can see a massive price surge as it is one of the only top 10 coins that has yet to mark a new high this cycle.