XRP's Potential Bottom Against Bitcoin Sparks Investor Interest Amid Ongoing Legal Battle

XRP's price against Bitcoin hit a three-year low, potentially signalling a local bottom and a buying opportunity for investors. Despite XRP's downtrend against USD, falling over 14% year-to-date, the XRP/BTC ratio suggests a possible turnaround. Ripple's ongoing legal battle with the SEC has weighed on XRP's price, with uncertainty leading to cautious investor sentiment. However, some analysts foresee a potential rise in XRP's value, with projections of a new all-time high by July. Nonetheless, XRP's price trend has been downward for over three years, with indications on the weekly chart suggesting a possible return to the $0.31 support level if the current trend persists.