XRP's price surged 16% after news broke about a potential end to Ripple's legal battle with the SEC. However, it quickly lost half those gains, dipping below $2.50. Spot buying pressure is rising, but futures markets remain skeptical, creating a tug-of-war between bullish spot traders and bearish futures traders.
Analysts suggest XRP might dip to $2 before aiming for new highs above $3.40. A bullish close above $2.65 could shift futures traders' sentiment, while a drop below $2.23 might reinforce bearish trends. The market remains in a consolidation phase, with no clear trend direction.
Analysts suggest XRP might dip to $2 before aiming for new highs above $3.40. A bullish close above $2.65 could shift futures traders' sentiment, while a drop below $2.23 might reinforce bearish trends. The market remains in a consolidation phase, with no clear trend direction.