XRP is under pressure again, slipping -3.5% to $2.42 amid intensifying uncertainty in the ongoing Ripple vs SEC legal battle. This case, a pivotal moment for regulatory clarity in crypto, continues to weigh on investor confidence — especially as major altcoins struggle to hold ground.
Adding to the tension is Bitcoin’s surge toward the psychological $105K level. The flagship crypto is pushing higher, but with market-wide implications: a sharp rejection from this level could set off a domino effect, pulling XRP and other altcoins lower in the process.
Technical Breakdown:
• Price: $2.42
• RSI: 56.91 (bearish divergence forming after recent peak above 70)
• 24h Volume: Up +19.5% to $5.75B – trader activity rising, but direction unclear
Support Zones:
• $2.35 — A key level to watch. A confirmed breakdown here could expose XRP to further declines toward $2.20 or even $2.00.
Resistance Zones:
• $2.51 – $2.60 — If bulls regain control, a break above could target $2.80 and reignite short-term optimism.
At this stage, XRP’s price action is tethered to broader market momentum. The bullish BTC narrative may offer temporary relief, but any hint of rejection at $105K could shift sentiment rapidly.
Final Take:
All eyes are on BTC's next move and the SEC's posture in the Ripple lawsuit. Traders should remain cautious. The next 24–48 hours could dictate whether XRP stabilizes… or dives deeper.
Pro Tip: If you're scalping or day trading XRP, watch for volume spikes near support and resistance zones. Combine RSI and trendlines for confirmation — momentum is king in these uncertain conditions.
#XRP #Ripple #SEC #Altcoins #CryptoAnalysis