Despite XRP's inability to achieve significant price movements and its ongoing legal battle with the SEC, one analyst remains optimistic about the cryptocurrency's future. According to a post by TradingShot on June 25, XRP has been trading below its weekly moving average since April 8, 2023, and is currently at the base of a triangular structure formed after reaching its all-time high in January 2018.

The analyst notes that this formation resembles the one from the ATH period in December 2013, which was sharply broken upwards in March 2017. Additionally, the Relative Strength Index (RSI) points to 40, a level historically seen as a long-term buying opportunity.

The analysis suggests that XRP might move towards peak points in the cycle, calculated based on its rise above the moving average. However, if resistance cannot be broken, it could indicate potentially larger price drops. The analyst emphasizes that if XRP fails to rise above the 1W MA200, it may need a strong narrative to maintain investor confidence.

As of the time of writing, XRP is trading at $0.4762, following a 1% increase in the last 24 hours, with the market volume returning to $26.5 billion after yesterday's decline. Despite the ongoing challenges, the analyst remains optimistic about XRP's potential for future growth.