The news of the day is that Ripple and the SEC have requested to dismiss their appeals, marking the official end of the lawsuit that began in 2020. This milestone removes a key regulatory uncertainty, pushing $XRP to $3.34 USD with a 12.26% increase in 24 hours and a trading volume of $10.16 billion. Regulatory clarity is here, and the bulls are in charge! 🐂
📊 Technical Analysis of XRP
• Confirmed bullish trend: XRP is above the 50 EMA ($3.10) and 200 EMA ($2.80) on the 4-hour chart, with a bullish crossover on the daily moving averages.
• RSI: At ~65-70 (4H), showing strong momentum but approaching overbought. Possible consolidation before a new rally.
• Key supports: $3.05, $2.96, $2.80.
• Resistances: $3.40 (immediate), $3.70-$4.00 (next targets).
• Bullish pattern: A descending wedge on the daily chart points to a possible breakout towards $3.70-$4.49 if volume remains high.
• Volume: The increase to $10.16B validates the strength of the movement.
🔥 Fundamental Context
• The resolution of the lawsuit opens the door for greater institutional adoption of XRP, especially in cross-border payments via Ripple's ODL.
• Companies like Webus International ($300M in XRP reserves) and VivoPower ($121M) reinforce confidence in the asset.
• Next step? The potential approval of a spot XRP ETF could trigger investor interest.
⚠️ Short-term scenarios
• Bullish: Breaking $3.40 with volume could lead XRP to $3.70-$4.00, with $5.00 as a target by the end of 2025.
• Bearish: A drop below $3.05 could lead the price to $2.80 or $2.30 in a correction.
• Advice: Monitor volume and RSI. Consider entries on pullbacks to $3.05-$2.96 with a stop-loss below $2.80.
🌟 Conclusion: $XRP is at a pivotal moment. Regulatory clarity and solid fundamentals support a bright future, but watch out for resistance at $3.40 and Bitcoin trends. Ready for the next move? 🚀
#XRP #Ripple #Cripto #AnálisisTécnico #Inversiones
📝 Disclaimer: This is not financial advice. Do your own research before investing.
