The post Ripple News: Top 3 Catalysts That Can Trigger an XRP Price Rally appeared first on Coinpedia Fintech News

The XRP price has been gradually declining, continuing a bearish trend from the previous week. With dwindling trade volume, XRP is now hovering around 48 cents, down 3.3% in the past 24 hours and below the 200-day weighted moving average (WMA).

Despite this dip, which puts XRP about 3% away from erasing its mid-July gains, crypto influencer Zach Rector believes the token is on the cusp of a bullish resurgence, primarily driven by developments surrounding the SEC vs. Ripple lawsuit.

Let’s Explore what he has to say.

Bullish Outlook for XRP

XRP’s year-to-date bullish momentum took a hit when the digital asset slipped below a critical support/resistance level of 53 cents in recent weeks. However, Rector remains optimistic, citing several potential catalysts for a bullish XRP surge.