XRP Struggles to Break the $0.5 Resistance Level, Frustrating Investors

XRP's lack of momentum over the past few years has frustrated investors, with some calling for a catalyst to break the current trend.

Prominent crypto pundit Stephanie Starr has called for someone to kick XRP into action after highlighting the token’s lack of momentum over the past few years.

Highlighting XRP’s inability to capitalize on broader market rallies and surpass the key resistance level of $0.5, Starr took to social media to express her concerns.

“Someone kick XRP please. It’s been 90 days since we’ve seen $0.75. Help a girl out,” wrote Starr in a post on July 14.

XRP has indeed been trading within a relatively narrow range for a considerable time, with the token hovering around $0.5—a multi-year resistance level that XRP has historically struggled to break past.

Moreover, as other cryptocurrencies experienced significant gains, XRP has failed to keep pace with these rallies.

For instance, while other tokens like Shiba Inu saw astronomical gains of over 400% in March, XRP only managed a modest increase before retreating. Even Bitcoin established a new all-time high during this period, further highlighting XRP’s lackluster performance.

Starr’s post on X specifically addressed XRP’s price inaction over the past 90 days. She pointed out that the token has not reached the $0.75 mark since a brief surge in March.

This stagnation, coupled with XRP’s failure to capitalize on broader market movements, has led Starr to question if any developments are on the horizon that could inject some much-needed life into the token’s price.

Several factors could be contributing to XRP’s current price woes. The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to be a major obstacle for XRP.

Recent developments suggest that XRP’s security status might soon be overturned in California, potentially limiting its use within the state and causing further problems.

Another factor potentially hindering XRP’s growth is the lack of widespread adoption. While Ripple has made strides in forging partnerships with financial institutions, XRP has yet to achieve mainstream acceptance as a medium of exchange or a viable store of value.

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The future trajectory of XRP’s price remains uncertain. The resolution of the SEC lawsuit and any developments regarding XRP adoption will likely play a significant role in determining the token’s long-term value.

Starr’s comments are reminiscent of another prominent crypto that called on Ripple and its executives to do something about XRP. Only time will tell how well XRP performed as the legal battle develops and Ripple expands its reach and partnerships.

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

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