A new encrypted code $SOL has raised concerns about the possibility of being a scam, leading to a decline in investor confidence in the cryptocurrency market.

Technically, XRP's price faces resistance at the $2.50 level, with strong support at $2.36. The Relative Strength Index (RSI) shows a neutral reading at 52, indicating a balance between buying and selling forces.

Looking ahead, some analyses predict the possibility of XRP's price reaching $3.35 in the near term, especially if the currency can break through current resistance levels. However, these predictions depend on several factors, including regulatory developments and institutional adoption of the currency.

Investors are advised to monitor political developments.