XRP has struggled to break out of a narrow range over the last few weeks and has failed to make any significant progress in terms of price pump. XRP struggles to surpass he crucial $0.53 resistance marker The altcoin is swinging between narrow ranges in terms of price movement Whales continue to accommodate despite previous selloff The asset’s trading data chart reveals it is trapped within a Fibonacci support and resistance region where it encounters strong challenge surpassing the $0.53 marker. Related Reading: Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours Source: TradingView Every time XRP tries to move past this certain price point, it ends up testing the $0.43 support level. This cycle has been ongoing for the altcoin since the month of September. Despite the recent rally of the crypto market, the virtual coin declined by 1.3% over the last 24 hours and is still down by 4.4% for the past two weeks. At press time, according to tracking from Coingecko, the digital currency is trading at $0.47. A bit of good news for investors is that its Relative Strength Index is within an ascending support line which denotes a bullish signal for the asset that is the subject of an ongoing court battle between Ripple Labs and the U.S. Securities and Exchange Commission. Ripple Focusing On Development To Help XRP Despite being in a long-standing legal tussle, Ripple is turning its focus to network development activities that...
