XRP price rally stalls as SEC vs. Ripple ruling drags on — 25% drop ahead?
XRP nears key breakout but lackluster volumes may spoil its 30% rally setup. XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally as traders pinned hopes on easing inflation data into April 12. XRP price: lackluster volumes raise risk of 25% correction XRP's upside move brought it closer to breaking out of its prevailing bull pennant range with a price target of $0.65. XRP/USD daily candle price chart. Source: Tradingview However, lackluster volumes accompanying XRP's gains hinted at a potential price correction in the future. That could mean a short-term pullback toward the pennant's lower trendline near $0.51 in April or a broader correction altogether invalidating the bullish continuation setup. The extended selloff scenario is best visible on the weekly chart below, wherein a key resistance-turned-support line has limited XRP's upside prospects. XRP/USD weekly price chart. Source: TradingVi...