Ripple’s XRP Price Chart Hints At Bullish 50% Rally; But Will The SEC Spoil The Party?

$XRP closed another week up 8%, overcoming previous stubborn resistance at $0.60. It is currently up 12% for the month and it’s on track to closing its strongest quarterly return since Q1, 2023. However, the SEC could still throw a wrench in the works for $XRP bulls with only seven days remaining until the regulator can appeal the final ruling in the Ripple case. $XRP is currently trading within a daily triangle indicator, setting up for an explosive price surge. If this pattern breaks to the upside, it could propel the price toward higher supply levels at $0.90, marking a substantial 50% increase from its present price points. On the other hand, a potential appeal from the SEC could hinder $XRP's potential price growth. Ripple CEO Brad Garlinghouse and chief legal officer Stuart Alderoty have indicated that they are ready to move forward regardless of whether or not the SEC appeals the recent ruling that recognized $XRP as a nonsecurity.