$XRP Recovery attempt:
The price is showing a weak rebound after the recent decline. However, the trend remains neutral with a prevailing bearish sentiment.
Fight for MA (7):
If the price consolidates above 2.3922, we can expect a move to the next resistance at 2.4086.
Fundamental risks:
Ongoing #Ripple proceedings and the SEC continues to influence the market. News can change the situation dramatically.
My thoughts 🤓
Short-term: If the price holds above 2.34 USDT, growth to the 2.40-2.44 USDT zone is likely. However, a retest of the support zone is possible.
Medium-term: Recovery is possible if the price consolidates above 2.40 USDT. Otherwise, the price may return to 2.32-2.24 USDT.
Recommendations:
For active trading: Monitor the 2.40 USDT zone. Breaking this level may be a signal to buy.
For long-term investments: Follow fundamental news and volumes.
