- Ripple price mirrors its past 2017 bull rally.
- XRP continues with its price drop and sheds its gains every minute.
One interesting topic in the crypto space is Ripple (XRP), as the lawsuit updates tend to provide a boost. In a recent update, the SEC accepted that Ethereum (ETH) is not a security, and kept XRP away till now. Moreover, XRP continues with its price drop and sheds its gains every minute.
According to CoinMarketCap, the Ripple (XRP) price is trading at $1.09 with a 24-hour trading volume of $3,044,876,804, at the time of writing.
![](https://thenewscrypto.com/wp-content/uploads/2021/09/ripple-xrp-1.jpg)
The above chart clearly shows that the price of XRP mirrors the 2017 bull rally. This might lead the XRP price to hit $8 soon. Notably, the XRP price can presently lose the grip over the uptrend position as it breaks out from the symmetrical triangle.
![](https://thenewscrypto.com/wp-content/uploads/2021/09/xrp-rsi-1024x596.png)
The chart above shows the ADX of XRP which stays at 17.87, so it indicates a weak trend. As shown in the chart, RSI remains at 47.87. Henceforth, this shows that XRP’s price is in a neither overbought nor oversold state. However, this shows that traders can trade fearlessly.
In addition, the rumours are spreading around that Coinbase is relisting the asset. Furthermore, the Ripple & SEC case is in many confusion as it does not have any evidence. Once everything is settled, XRP price will hit higher highs without any drop.
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