๐ ๐ซ๐ฅ๐ฃ ๐๐ข๐๐๐ฆ $๐ฎ.๐ฌ๐ฌ ๐๐ฆ ๐ฅ๐๐ฃ๐ฃ๐๐ ๐ฆ๐๐ง๐ง๐๐๐ ๐๐ก๐ง ๐๐ช๐๐๐ง๐ฆ ๐๐จ๐๐๐โ๐ฆ ๐ก๐ข๐
โ Whatโs Going On with XRP?
XRP is trading around $2.15 after a 9% dip from the recent high of $2.34. Itโs now in a critical zone as traders await the Federal Reserveโs rate decision โ which could impact short-term momentum across all crypto.
๐ Legal Update: Ripple submitted a follow-up letter in support of its joint motion with the SEC. The motion asks Judge Torres for an indicative ruling to finalize a $50 million settlement, down from the original $125M penalty.
Importantly:
Ripple clarified itโs not asking to undo the original Summary Judgment.
The deal is framed to avoid further appeals and legal delays.
๐ Key Technical Levels to Watch:
Support: XRP has been retesting the $2.00 level multiple times. Holding above this could spark a bullish move.
Resistance Zones:
๐บ $2.19 (50 EMA)
๐บ $2.21 (100 EMA)
๐บ $2.23 (200 EMA)
๐บ $2.34 (major resistance)
If XRP breaks above these, it could revisit the May high of $2.65.
โ ๏ธ What Could Go Wrong?
If $2.00 fails to hold, XRP could drop sharply โ especially if the Fed triggers market-wide risk-off sentiment. Watch the FOMCโs rate statement for volatility.
๐ Outlook Summary:
XRP is in neutral-bearish territory short term.
A breakout above $2.23โ$2.34 may flip trend bullish.
All eyes now on $2.00 support and legal confirmation of Rippleโs deal.