đ„ Can XRP Confirm a 20% Breakout â Or Is It Just a Fakeout?
Ripple (XRP) is at $2.28 on Thursday, reflecting strong crypto market mood after a US judge halted President Donald Trump's tariffs on Wednesday. Despite maintaining around short-term support at $2.26, a technical pattern breakthrough might lead to $2.63 in forthcoming sessions.
According to Reuters, the Court of International commerce concluded that Congress has sole jurisdiction to regulate commerce with foreign nations and that the President's emergency powers to protect the economy cannot override this authority.
DeFi roundtable agenda and speakers announced by SEC
The SEC Crypto Task Force's June 9 roundtable agenda and participants have been released. The conversation, "DeFi and the American Spirit," will be hosted in the agency's Washington, D.C. headquarters.
Jill Gunter from Espresso Systems, Omid Malekan from Columbia Business School, Rebecca Rettig from Jito Labs, and Peter Van Valkenburgh from Coin Center will be among the nine panelists.
XRP's price gain in early May has been eclipsed by a significant negative trend in the previous two weeks as it looks to extend losses near $2.20, traders' next target.
The liquidity-rich demand zones of $2.20, $2.21, and $2.00 will appear if the Moving Average Convergence Divergence (MACD) indicator flashes a sell signal when the blue MACD line crosses below the red signal line.
To confirm the falling wedge, traders look for a break above the top trendline and increasing volume. The figure shows that extrapolating over the top trendline from the pattern's largest points yields the 14% objective of $2.63.
Over the previous 24 hours, XRP futures statistics show OI down 4.6% to $4.67 billion. The almost 50% volume rise to $4.45 billion suggests a negative bias as traders liquidate futures and options holdings.
