XRP price fell over 14% year-to-date pressured by Ripple’s ongoing legal battle with the SEC so a bounce is in order, analysis suggests.
The price of XRP (XRP) in Bitcoin (BTC) terms sunk to a three-year low this week, suggesting a potential local bottom and buying opportunity for XRP.
XRP’s price compared to Bitcoin fell to a three-year low last seen at the beginning of April 2021, according to TradingView data.
On the monthly chart, this chart pattern could be interpreted as a strong signal of a XRP/BTC bottom, according to Tony Severino, the founder of CoinChartist, who wrote in a May 6 X post: