The XRP bulls are still unwilling to relinquish control over the support line at $2.00, indicating a consolidation before another bullish phase.

The legal battle between the SEC and Ripple is nearing its final resolution, with a joint request to postpone appeals in the case being approved.

The cryptocurrency community is anticipating Paul Atkins to take his oath as the SEC Chair and his swift decisions regarding ETF applications for XRP.

XRP faces increasing downside risks below $2.00, with the Relative Strength Index (RSI) remaining stuck below the midpoint and heading towards oversold territory.

Ripple's (XRP) price is hovering above the critical level of $2.00 while trading at $2.05 at the time of this report on Friday, reflecting a neutral sentiment across the cryptocurrency market. Investors have tempered their expectations amid the trade war initiated by U.S. President Donald Trump, which has significantly escalated into a larger trade war between the U.S. and China. The XRP bulls have shown resilience despite changing macroeconomic factors, suggesting that a bullish turnaround may be imminent.

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