🛡️ XRP's Bullish Armor Intact — Legal Setback Fails to Break Momentum
Despite U.S. District Judge Analisa Torres’ recent rejection of Ripple's motion, XRP remains firmly on bullish ground. While short-term price jitters followed the ruling, analysts argue this is merely a healthy correction — not a trend reversal.
🔍 What’s Really Happening?
A respected crypto analyst frames the dip as part of an ABC corrective wave, with the market now entering Wave C. According to her, XRP is showing strength by defending its critical support zone at $2.07–$2.10, which aligns with the 0.5 and 0.618 Fibonacci retracement levels.
Momentum indicators also point to resilience:
RSI has dropped into oversold territory (~20), signaling that sellers may be losing steam.
A bullish divergence is forming, further confirming the potential for a reversal.
📈 Key Resistance Levels to Watch:
$2.13 (0.236 Fib)
$2.145 (0.382 Fib)
$2.16 (0.5 Fib Extension)
🚀 What’s Next for XRP?
If XRP holds above the $2.07 zone, analysts like CasiTrades anticipate a breakout toward $2.25 and even $2.69, the projected Wave 5 target.
"The trend remains strong. Don’t let the court noise distract you from the chart," she says.
🧠 Final Thoughts:
Legal uncertainty may rattle the headlines — but from a technical perspective, XRP’s uptrend remains well-armored. As long as bulls defend key levels, the next move could be explosive.