The market lacks momentum to drive an XRP rally. In the past 24 hours, trading volume dropped by 50.69% to $4.98 billion.
The ongoing lawsuit between the SEC and Ripple Labs reached a resolution of sorts last week. Ripple will be paying a settlement fine of $50 million, which is some way below the expected $125 million.
XRP might be on the verge of a potential price breakout targeting the $3 spot based on its short-term technical setup.