Ripple's price has been stuck in a state of consolidation on both the USDT and BTC pairs, leaving many market participants feeling frustrated as XRP fails to follow the movements of other large-cap cryptocurrencies. The asset's price has been moving within a symmetrical triangle pattern on the USDT paired chart's daily timeframe, with the $0.5 level currently holding the price and preventing it from dropping lower.

However, the market has also failed to rally toward the 200-day moving average located around the $0.6 resistance zone. If the asset finally breaks above the triangle, investors can be optimistic that a rise above the 200-day moving average and toward the $0.7 resistance level would be probable. The XRP/BTC pair demonstrates even lower volatility, as the price has been practically moving horizontally. The market has been hovering around the 800 SAT level for almost two months now, with the long-term trend being bearish and the Relative Strength Index still showing values below 50%, indicating an even deeper decline seems probable at the moment.

The recent calmness in XRP's price movement could be attributed to the lack of massive movements in the company's legal spat against the US Securities and Exchange Commission. Ripple had recently notched a few important victories in the case, which led to impressive gains in the asset's price. However, the recent update suggests that Ripple had further supported its motion to seal data related to the regulator's request for judgment and remedies. The regulator believes this information is crucial to the case, while the company asserted that it has no relation to it.

In conclusion, Ripple's price consolidation has left many market participants feeling frustrated as XRP fails to follow the movements of other large-cap cryptocurrencies. The asset's price has been moving within a symmetrical triangle pattern, with the $0.5 level currently holding the price and preventing it from dropping lower. The market has also failed to rally toward the 200-day moving average located around the $0.6 resistance zone. The recent calmness in XRP's price movement could be attributed to the lack of massive movements in the company's legal spat against the US Securities and Exchange Commission.