XRP Slows Down as SEC Set to Lose Power: Will Ripple Hit $1?

XRP, like Bitcoin, struggled to confirm yesterday's rise on May 20. Looking at the daily chart, it is clear that buyers have the upper hand, moving away from the descending wedge after the recent breakout. Currently, buyers are in the lead, and $0.50 is emerging as the anchor for this rise. Unless a slowdown occurs, forcing XRP below $0.50, the path of least resistance remains north.

Currently, XRP is stable in the last day and is up 7% in the previous week. This expansion also caused average trading volume to increase by approximately 2X to over $1.7 billion. Increased engagement indicates that buyers are confident, and there may be more room for profits in the coming sessions.