XRP has been facing significant resistance, struggling between $0.52 and $0.60 since mid-July amidst developments in the Ripple vs SEC case.
Despite its challenges, XRP holds a hefty fully diluted valuation of $58.6 billion and sees a daily trading volume of $1.5 billion.
Analysts are suggesting that a breakout could be on the horizon, with potential for XRP to reach $2 by 2025.
