XRP's short-term fluctuations do not change its long-term value, institutional movements become key variables
Today's price of $XRP is $2.14, a slight decline of 0.35% during the day, with a trading volume of 14.76 million pieces, and market trading is light.
The MACD histogram continues to be negative and is gradually lengthening, with bears in control. The KDJ indicator is overbought, suggesting that short-term fluctuations or adjustments may continue, with a support level to watch at $2.00.
In the long term, the fundamentals of XRP still have support: the lawsuit between Ripple and the SEC is becoming clearer, institutional collaborations are accelerating (such as the Chicago Mercantile Exchange's planned launch of XRP futures), and expectations for cross-border payment scenarios are materializing, indicating that prices are likely to gradually recover.
If it breaks through the resistance level of $2.35, it may start a new round of rebound, with targets potentially reaching $2.60 to $2.80.
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