XRP price dropped sharply by 24%, falling from 0.67$ to 0.51$ due to geopolitical tensions and the US Securities and Exchange Commission (SEC) appealing the ruling in its legal dispute with Ripple, causing the price to drop to a one-month low of $0.53, a 19% drop since September 30. Despite the declines, analyst EGRAG remains bullish on the coin, suggesting that it could rally strongly similar to Nvidia’s stock price. The analyst noted that the support level at 0.50$ is important for buyers because if the price rebounds there, it could see a 14% gain. If the price drops below this level, selling pressure may intensify, causing it to drop to 0.45$ or even $0.40.