{"id":186861,"date":"2023-11-03T22:09:19","date_gmt":"2023-11-03T16:39:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-xrp-pass-the-first-bull-run-litmus-test-and-rally-to-1-crypto-news\/"},"modified":"2023-11-03T22:09:25","modified_gmt":"2023-11-03T16:39:25","slug":"can-xrp-pass-the-first-bull-run-litmus-test-and-rally-to-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-xrp-pass-the-first-bull-run-litmus-test-and-rally-to-1-crypto-news\/","title":{"rendered":"Can XRP Pass The First Bull Run Litmus Test And Rally To $1? – Crypto News"},"content":{"rendered":"

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Cryptocurrencies swung back up on Thursday following the US Federal Reserve\u2019s decision to leave interest rates unchanged. Bitcoin and the majority of altcoins including XRP price rebounded amid enhanced investor confidence in the rally which researchers at Matrixport believed could see the largest crypto close the year above $56,000.<\/p>\n

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A\u00a0bullish Bitcoin<\/span><\/a>, to a large extent, implies a bullish crypto market. Hence, the reason\u00a0XRP price<\/span><\/a>\u00a0asserted its muscle above the newly found support at $0.6.<\/p>\n

The cross-border money remittance token up 0.4% in the last 24 hours, is trading at $0.6084 amid falling trading volumes by 15% to $1.6 billion. Intriguingly, the fifth-largest crypto is seeing a 0.62% increase in the market cap to $32.6 billion, according to market data from\u00a0CoinMarketCap<\/span><\/a>.<\/p>\n

Is XRP Price Poised To Climb To $1?<\/h2>\n

Based on the daily chair,\u00a0XRP<\/span><\/a>\u00a0has recovered 61.8% after the dip from highs at $0.93\u2014achieved in the wake of Ripple\u2019s partial win in the lawsuit against the Securities and Exchange Commission (SEC).<\/p>\n

Such a move implies that XRP must find higher support, preferably on top of the grey band in the chart. This will allow for some semblance of consolidation, where buyers reevaluate their positions for the next breakout. As new entries are made, liquidity is expected to build and this is what will drive the next rally above key resistance levels at $0.7 and $0.9, respectively.<\/p>\n