XRP price is potentially forming a large bull flag pattern, which suggests a significant upward move. An analyst predicts that based on the Fibonacci extension, XRP could rise to $16.
The Ripple vs SEC lawsuit is nearing its conclusion, which could positively impact XRP's price. Currently, XRP is trading sideways below the $0.66 resistance level.
Additionally, Ripple is launching a new RLUSD stablecoin on the XRP Ledger and Ethereum, which could add utility and demand for XRP.