XRP Price Analysis: Experts agree that now is the best time to swap Bitcoin and Ethereum for XRP.

XRP, the native coin of the XRPL network utilized by Ripple Labs to streamline global remittances and cross-border payments, is quickly approaching the peak of the macro triangle consolidation that began after hitting an all-time high (ATH) in 2018.

With the inevitable violence looming, XRP is facing several headwinds, including a legal battle with the U.S. Securities and Exchange Commission (SEC) and periodic Ripple sales that are a huge burden for secondary investors.

XRP lags behind Bitcoin and Ethereum.

Since the start of Ripple’s lawsuit with the SEC, the price of XRP has been increasingly disconnected from the rest of the cryptocurrency market. Despite the legal clarity provided by Judge Analisa Torres in July last year, the price of XRP lagged behind both Bitcoin and Ethereum in terms of performance. According to Australia-based cryptocurrency enthusiast Bill Morgan, the XRP FUD may be due to poor performance rather than escrow issues and legal battles.

SEC vs. Ripple Litigation Update

The Ripple and XRP communities await a trial in April where their fate will be decided. However, the US SEC has already approved 11 spot Bitcoin ETFs, having lost several legal battles with the cryptocurrency industry. Meanwhile, the U.S. Congress has been accused of double standards by failing to approve clear cryptocurrency regulation and is still fighting with the U.S. SEC chairman, who is using outdated laws to dominate the nascent web3 industry.

XRP Price Analysis

Despite the weekly dead cross between the 50 and 200 moving averages (MA), XRP price continues to show bullishness for an imminent bullish breakout. Additionally, XRP bulls have defended the support level around 54 cents and have been respecting an upward trend characterized by higher highs and higher lows since mid-2022.