$XRP back in the spotlight: the market reacts to Ripple's movements
While the crypto market balances between correction and hope, #xrp quietly but steadily gains points. Ripple not only resolved its years-long disputes with the SEC but also made a significant move to expand its influence — the purchase of the brokerage platform Hidden Road for $1.25 billion has shaken the institutional segment.
Against the backdrop of the deal, XRP has risen to $2.16, ignoring the overall negative sentiment: Bitcoin and Ethereum are down, while XRP holds its ground and even gains. A signal? Quite possibly.
Current situation:
• Support: $2.00
• Resistance: $2.34
• RSI indicates a bullish sentiment, price above 50 and 200-day moving averages.
If the asset consolidates above $2.00, the path to $2.34 and higher will be open. But a drop below is a reason to be cautious, with targets below at $1.80.
XRP is once again playing by its own rules. The main thing is not to blink.
Not financial advice. Just real-time crypto navigation.