#MileiMemeCoinControversy

#MileiMemeCoinControversy MileiMemeCoinControversy MileiMemeCoinControversy On February 17, 2025, the value of Ripple (XRP) decreased by 3.24%, dropping to $2.987.

This decline is attributed to several factors, most notably recent political developments, such as Argentine President Javier Milei's announcement of a new cryptocurrency which raised concerns about its potential for fraud, leading to a decrease in investor confidence in the cryptocurrency market.

Technically, XRP is facing resistance at $2.50, with strong support at $2.36. The Relative Strength Index (RSI) is showing a neutral reading of 52, indicating a balance between buying and selling pressure.

Looking ahead, some analysts expect XRP to reach $3.35 in the near future, especially if the coin can overcome the current resistance levels. However, these expectations depend on several factors, including legal developments and the adoption of technology.