At the Edge of the Abyss – Breakthrough or Collapse?$XRP
Current price: $1.32 - $1.35 (daily decrease ~4.75%)
Last peak: $1.70 | Current support: $1.32 - $1.33
📰 Top events today:
· A vote on the CLARITY Act on September 15 may change XRP’s classification as a commodity under CFTC oversight.
· U.S. XRP funds attract $170 million in 11 days, led by Goldman Sachs.
· Ripple releases 1 billion XRP, but re-locks most of it—there is no significant selling pressure.
· Geopolitical tensions (U.S.–Iran) weigh on the entire market.
📊 Technical Analysis:
· XRP is testing the lower bound of a large descending triangle on the 2-hour timeframe.
· Resistance: $1.38 (breaking it could open the way toward $1.45, then $1.53-$1.55).
· Support: $1.33-$1.35 (a break could push the price toward $1.29).
· RSI at 55 (weak upward momentum), MACD has turned into negative territory.
Current price: $1.32 - $1.35 (daily decrease ~4.75%)
Last peak: $1.70 | Current support: $1.32 - $1.33
📰 Top events today:
· A vote on the CLARITY Act on September 15 may change XRP’s classification as a commodity under CFTC oversight.
· U.S. XRP funds attract $170 million in 11 days, led by Goldman Sachs.
· Ripple releases 1 billion XRP, but re-locks most of it—there is no significant selling pressure.
· Geopolitical tensions (U.S.–Iran) weigh on the entire market.
📊 Technical Analysis:
· XRP is testing the lower bound of a large descending triangle on the 2-hour timeframe.
· Resistance: $1.38 (breaking it could open the way toward $1.45, then $1.53-$1.55).
· Support: $1.33-$1.35 (a break could push the price toward $1.29).
· RSI at 55 (weak upward momentum), MACD has turned into negative territory.