XRP News: Ripple Struggles at Critical 100-Day Moving Average; Possible Breakout Toward $3 Resistance

Ripple (XRP) Price Analysis: Is This the Calm Before a Major Move?

Ripple is currently struggling with the critical 100-day moving average at $2.5, experiencing low volatility. The market is in a consolidation phase, suggesting that a surge in demand or supply could trigger a significant move. A rejection at this level appears more probable due to the presence of sellers. However, if Ripple manages a bullish breakout, it could propel the price toward the $3 key resistance.

XRP Breakout On Hold? Financial Expert Reveals Insights

XRP remains stuck around the $2 level, with experts issuing warnings of restricted near-term growth prospects. The digital currency is experiencing a phase of uncommon stability, leaving investors speculating about its next move. According to financial commentator Austin Hilton, millions of crypto traders have withdrawn from active participation, contributing to the market’s stagnant state. Analysts attribute this behavior to seasonal patterns, specifically the summer slowdown that typically impacts crypto trading. Despite peak trade volumes exceeding $4 billion, the price of XRP remains virtually unchanged.

Ripple (XRP) Legal Battle and Bullish Predictions

The legal battle between Ripple and the US SEC might not be entirely over despite the SEC dropping its appeal against Ripple earlier this month. While Ripple’s CEO, Brad Garlinghouse, claimed this marked the end of the lawsuit, some legal experts explained that the case has officially not concluded yet. US lawyer Jeremy Hogan suggested that Ripple can prolong the tussle in various ways, including an appeal on the $125 million penalty ordered by the court. Despite this, prominent analysts continue to make bullish XRP predictions.

Pelago Labs Launches Supply Chain Financing Platform on Stellar Network

Pelago Labs announced on March 25 that it has Leveraged integration with Stellar to build a crypto-enabled supply chain financing platform. The solution tokenizes and fractionalizes the account receivables of accredited buyers to create smaller and supplier-specific representations. Based in Vancouver, Pelago Labs aims to unlock pre-settlement liquidity for suppliers, empowering them to secure the working capital they need, backed by the buyer’s credit, to improve cash flow efficiency. Suppliers can settle funds accessed through the platform in USDC on Stellar through PolyFlow’s liquidity-pool-based payment channel.