$XRP The cross-border money remittance token although up a m

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$XRP The cross-border money remittance token although up a modest 1.1% in the last 24 hours, has lost 0.5% of its value in the hour to $0.52. This mundane technical picture is reflected across the board, with Bitcoin price struggling to defeat resistance at $64,000 and Ethereum price hovering between $3,100 support and $3,200 resistance. Meanwhile, holders of XRP seem worried ahead of the ruling in the lawsuit heading to trial. Some have said they are ready to exit, doubting whether Ripple’s potential move from the US would be impactful. XRP price holds support at $0.5254 on Friday during US trading hours. The token rose to $0.5664 this week after Bitcoin halving. However, resistance highlighted by the 50-day Exponential Moving Average (EMA) and the 200-day EMA (red and purple lines on the chart) capped the gains. Holding above $0.55 or closing the day above $0.52 immediate support may encourage bulls to push for a falling wedge breakout with the potential to blast the price of XRP to $0.7 and subsequently narrow the gap to $1.

$XRP The cross-border money remittance token although up a modest 1.1% in the last 24 hours, has lost 0.5% of its value in the hour to $0.52. This mundane technical picture is reflected across the board, with Bitcoin price struggling to defeat resistance at $64,000 and Ethereum price hovering between $3,100 support and $3,200 resistance.
Meanwhile, holders of XRP seem worried ahead of the ruling in the lawsuit heading to trial. Some have said they are ready to exit, doubting whether Ripple’s potential move from the US would be impactful.
XRP price holds support at $0.5254 on Friday during US trading hours. The token rose to $0.5664 this week after Bitcoin halving. However, resistance highlighted by the 50-day Exponential Moving Average (EMA) and the 200-day EMA (red and purple lines on the chart) capped the gains.
Holding above $0.55 or closing the day above $0.52 immediate support may encourage bulls to push for a falling wedge breakout with the potential to blast the price of XRP to $0.7 and subsequently narrow the gap to $1.