XRPDAILY

$XRP fell by 3.3% to $2.13, marking its fifth consecutive loss as uncertainty surrounds the SEC’s next steps in the Ripple case. More than 11,000 banks have tested$XRP on SWIFT’s network, fueling speculation of a significant breakthrough in remittance.
The SEC’s closed meeting on April 3 could spark optimism about XRP-spot ETF approvals and a push to lift the institutional sales injunction. XRP Price Trends: Regulatory Action, Adoption, and Spot ETFs
XRP’s near-term trajectory remains tied to the SEC’s appeal withdrawal, the Final Judgment, and the potential approval of XRP-spot ETFs.
Potential Price Scenarios:
Bullish Scenario: An official SEC appeal withdrawal, a favorable settlement, and growing demand for Ripple products could drive XRP toward its all-time high of $3.5505. Approval of spot ETFs could further fuel institutional demand, pushing prices toward $5.Bearish Scenario: Delays to an appeal withdrawal, lack of settlement talks, if Ripple pursues its cross-appeal, SWIFT deal stalls, or the SEC rejects XRP-spot ETFs, the token could drop below $1.50.

XRP Price Movement DAIly Chart

After experiencing five consecutive days of declines, XRP continues to trade below the 50-day Exponential Moving Average (EMA), indicating resistance. However, it remains above the 200-day EMA, which signals long-term support.
If $XRP manages to break above the 50-day EMA, it could target the high of $2.5925 from March 19. Continued upward momentum could drive the price toward the January 16 high of $3.3999.
On the other hand, if the price drops below $2, the 200-day EMA and the support level at $1.9299 could come into focus. Since the 200-day EMA aligns with this level, increased buying interest might be expected.
With a 14-day Relative Strength Index (RSI) of 43.65, XRP might fall below the 200-day EMA before reaching oversold levels (RSI below 30).


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