XRP Analysis – April 16, 2025

XRP faces selling pressure after breaking the "rising wedge" pattern, which may indicate a decline towards support at $1.60.

Despite this, technical indicators like RSI and MACD show positive momentum that could support a rebound if the $2.12 level is maintained.

The awaited legal filing today in the SEC case could be a significant turning point for the currency.

Long-term forecasts suggest the possibility of XRP reaching levels between 5$ and 10$ if supportive legal and technical breakthroughs occur.

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