XRP, the cryptocurrency tied to the XRP Ledger, has recovered from earlier lows but faces challenges as it falls below a crucial uptrend line. Pessimistic price predictions suggest a potential retest of the 200-Day Moving Average, but some anticipate a positive outcome if Ripple prevails in its SEC lawsuit, making XRP one of the top-performing cryptocurrencies in 2023.

The price of Ripple (XRP) has remained relatively stable between $0.46 and $0.48 over the past two weeks. However, on-chain data reveals that large XRP investors, known as whales, have been adding to their holdings, potentially offering bullish support.

A US District Court has granted class status to investors in a securities lawsuit against cryptocurrency company Ripple Labs Inc. The lawsuit alleges that Ripple Labs sold XRP, a virtual token, to retail investors in violation of federal and state securities laws. The court certified two classes for federal and California state securities claims, limited to US-based investors who purchased XRP between July 3, 2017 and June 30, 2023. The ruling emphasizes the predominance of common questions and shared merit of claims within the class, and the case will proceed collectively.

The daily burn rate of XRP, a popular cryptocurrency, has increased significantly, leading to speculation about a potential bull rally. Crypto analyst 24HRSCRYPTO has made an optimistic prediction that XRP, currently trading below $1, could reach $100 and has provided reasons for this.

Crypto broker Uphold has released data on its reserves, revealing holdings of $1.056 billion worth of XRP. This has drawn attention from the XRP community and digital asset enthusiast John Deaton. XRP accounts for 28.5% of transactions on the Uphold platform, with XRP assets making up 59% of all assets. Uphold's report also shows that its coverage surpasses liabilities, standing at 101.3%.

Cardano's ascending triangle chart pattern suggests a potential upward breakout, indicating bullish implications and attracting investor attention. The pattern forms when an asset's price creates higher lows and hits the same resistance level multiple times, signaling a battle between buyers and sellers. Despite positive on-chain metrics and bullish chart patterns, Cardano still has a long way to go to reach the scale of larger networks like Ethereum.

July 4 (Cointime) - XRP has gained 1.5% in the past 24 hours, trading at $0.49 with a trading volume of $886 million and a market cap of approximately $26 billion. Despite analysts predicting a retracement, XRP bulls are holding strong and the price is supported by the 50-day Exponential Moving Average and a buyer congestion area at $0.48.

July 4 (Cointime) -  On a more positive note, Binance announced a partnership with Alternative Airlines, allowing cryptocurrency holders to book flights on 600 airlines using over 70 digital assets supported by Binance Pay, with a 3% discount for bookings made between July 1 and August 31.

July 4 (Cointime) - Most major cryptocurrencies are experiencing a bullish trend, as reported by CoinMarketCap. Bitcoin has seen a slight increase in value, but remains in the middle of its trading channel. Ethereum has outperformed Bitcoin, with its value rising after breaking through the $1,927 level. XRP has not seen the same increase as other coins, and is expected to continue trading sideways for the foreseeable future.

July 4 (Cointime) - Crypto lawyer John Deaton has stated that the decision in the Ripple lawsuit is becoming increasingly significant as time passes, with two possible outcomes: a positive ruling for XRP would be good news for other coins, while a negative outcome would maintain the status quo and could accelerate the SEC's enforcement agenda.