🔥 Hot News XRP – After Winning Against SEC, Why Is the Price Still Falling? 🔥
📉 Current Price: $3.14 (-2%)
📈 Trading Volume: $12.4B (+208% compared to yesterday)
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1. What is happening?
• XRP just won big against the SEC, ending 5 years of litigation and removing legal barriers.
• This good news pushed the price up to $3.32 in the morning, but then it dropped back to $3.14 due to strong profit-taking from major institutions.
• This is a classic example of “buy the rumor, sell the news” in the trading world.
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2. Important Price Levels
• Strong support: $3.13 – every time the price touches this level, buying pressure appears immediately.
• Nearest resistance: $3.27 – if broken, it could open up a new upward trend.
• Current trading range: $3.13 – $3.27, quite stable after the news shock.
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3. Implications for Investors
• Good legal news: Now major institutions can buy XRP without worrying about regulatory issues.
• Macroeconomic risks still exist: Overall market volatility could still pull the price down.
• Popular strategy: Wait for the price to hold above $3.13 to buy more, or enter a position when breaking $3.27 with significant volume.
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💡 Summary:
XRP just won the lawsuit, volume surged significantly, but the price dropped due to many “whales” taking profits. Don’t panic – this is a normal development. Keep an eye on $3.13 (buy) and $3.27 (open upward trend). #Write2Earn