Despite Saturday’s drop below $3, $XRP sits well above the 50-day and 200-day Exponential Moving Averages (EMA), sending bullish price signals.
A return to $3 could enable the bulls to target the January 24 high of $3.2043. A breakout from $3.2043 may signal a move toward the January 16 high of $3.3999.
Conversely, an XRP drop below Saturday’s $2.8299 low could bring the 50-day EMA into play. A fall through the 50-day EMA may signal a drop toward $2.5.
With a 14-day Relative Strength Index (RSI) reading of 52.33, XRP could return to the January 16 high of $3.3999 before entering overbought territory (RSI above 70).
Market Outlook: Regulatory Uncertainty Looms
XRP’s outlook remains tied to the SEC’s next steps and broader regulatory shifts. The agency’s decision on the Ripple appeal, evolving crypto regulations, and macroeconomic factors will be key in shaping investor sentiment.
View our latest analysis here for deeper insights into the SEC’s appeal strategy and XRP’s market implications.