Everyone is asking whether $XRP can rise or not? I can clearly tell you, it can!
Recently, there has been continuous big news. The settlement agreement between Ripple and the SEC is expected to be finalized on August 15. Ripple is prepared to accept the penalty and abandon its appeal, and the SEC is likely to accept this, which is fantastic news for the market.
From a technical perspective, XRP is in a key resistance zone around 3.00. If it can break through, it’s not impossible to surge to 3.12 - 3.14 USD, and even challenge the previous high of 3.65 USD;
Support below is in the 2.97 - 2.92 USD range, with further support at 2.85 USD and 2.80 USD. In extreme cases, it could test 2.65 USD.
The key technical indicators are giving somewhat mixed signals. The short-term trend looks strong, but there are also signs of overheating and potential pullbacks.
Personally, I think the upcoming trend of XRP is crucial. If it can ride the favorable regulatory winds and break through the resistance, a new wave of upward movement will be on the way; however, if it is tightly suppressed by the resistance level, the risk of a pullback could be significant.
As for the short term, it can't be explained in just a couple of sentences. If you want to accurately grasp short-term operations and seize potential opportunities, raise your hand below, and Brother Li will take you to navigate the waves in the XRP market!
