Ripple's XRP is nearing the end of a month-long consolidation period, with many analysts predicting a breakout that could launch a significant rally. This technical move coincides with Ripple CEO's approval of the newly pro-crypto Congress, hinting at positive change under its leadership.
The announcement suggests a favorable climate for Ripple, potentially impacting XRP's value positively. As regulatory perspectives shift, the anticipation of increased support for cryptocurrencies might drive the token's price higher. The promising political backdrop could play a pivotal role in XRP's market trajectory.
