XRP has been struggling to recover its bullish momentum in recent weeks. The cryptocurrency has found it challenging to surpass the significant resistance level at $0.55. This hurdle has been a notable barrier in the asset's price progression.
Meanwhile, Ripple Labs, the company behind XRP, has been embroiled in an ongoing lawsuit with the SEC. This legal battle has attracted significant attention within the crypto community. However, recent developments in the lawsuit have reignited interest and speculation about XRP's future movement.
As a result, analysts are forecasting a significant shift in XRP's market dynamics. Despite the current resistance, there's a growing anticipation that XRP might soon break through these price barriers and regain bullish momentum.
