During Bitcoin's resurgence, Ripple's native cryptocurrency XRP has experienced a strong rebound over the past three days, with its price reaching $0.52. This uptick in XRP's value mirrors a broader trend seen across most cryptocurrencies, fueled by Bitcoin's surge to over $66,000 on Thursday.

Other major altcoins, such as Ethereum surpassing $3,000 and Solana making significant gains above $160, followed suit. The collective market capitalization surpassed $2.5 trillion, underscoring the prevailing bullish sentiment. If Bitcoin maintains its momentum towards $70,000 in the coming week, altcoins like XRP are likely to sustain their upward trajectories.

In recent months, Ripple and the Securities and Exchange Commission (SEC) have been embroiled in a critical phase of their ongoing legal dispute. During the remedies phase, both parties filed motions to seal certain documents. Ripple's legal team argued on May 13th that the SEC had previously indicated its approval of sealing portions of documents, particularly during this phase.

While the SEC agreed to some of Ripple's requests, it reserved the right to contest others. Ripple aims to redact information that could potentially jeopardize its operations, including audited financial statements, revenue streams, and planned expenses. The goal of this narrower seal is to safeguard future strategies and plans, as well as protect the privacy of its customers, staff, and strategic business partners. The decision ultimately rests with the Judge, whom Ripple has urged to prioritize privacy concerns when considering their motion to seal these details.

According to Crypto News Flash, some top lawyers have also suggested that the U.S. SEC may lean towards favoring institutional investors of XRP.

XRP has demonstrated a pattern of both bullish and bearish fractals since mid-April, characterized by strong support around $0.48 and resistance near $0.56. Whenever the price approaches the support level, the token typically rebounds but encounters resistance again near $0.56.

While XRP recently didn't quite reach $0.48, the trend reversed around $0.49, indicating the potential emergence of another bullish fractal pattern in May. However, there are indications of potential selling pressure in the market, as evidenced by the Relative Strength Index (RSI) retracing after hitting resistance at 64.

If confluence support fails to hold at $0.5112, marked by the 20-day EMA and the 50-day EMA, XRP could slide down to $0.5. Moreover, further decline to $0.48 cannot be discounted unless a significant rally propels the price above $0.56, setting the stage for a potential breakthrough beyond $1, as per the Crypto News Flash report.