$XRP
Does XRP stumble or is it preparing to take off? A surprising legal twist confuses the path!
XRP is retreating due to a sudden court rejection despite hopes for a breakthrough with the SEC. Despite the retreat, technical indicators still support the chances of a rise.
Between immediate losses and long-term opportunities, XRP may return stronger… but patience is the key to profits.
XRP is retreating… but it hasn’t given up yet
Despite this setback, the technical outlook for XRP remains resilient. The price is still moving above its 100-day moving average, maintaining a level above the peak recorded on April 28, which is $2.36.
However, if the price breaks the support level at $2.30, the downward trend may bring us back to the range of $2.15 – $2.20, and perhaps to the symbolic level of $2.
On the other hand, if the price regains momentum, the obstacle of $2.50 will be the first challenge, followed by $2.65, and then the larger psychological barrier at $3.
