Dear Family;
$XRP Technical Analysis;
.
.
.
• The discussion centers on XRP and Ripple, covering news, technical analysis, and price movements.
• There’s a view that price and news are interconnected, although some traders may not rely on news if they believe in market efficiency.
• Ripple has opposed the SEC’s proposed $2 billion fine, seen as extreme.
• The outcome of this opposition remains uncertain, but more developments on this front could benefit XRP.
• XRP is currently on an uptrend, forming higher lows and higher highs.
• The key resistance level for XRP lies between $0.56 and $0.58, with the 200 EMA also in play.
• Breaking above $0.57 for XRP hinges on Bitcoin surpassing $67,000.
• Leaning towards a bullish outlook on Bitcoin but noting low trading volume.
• If Bitcoin slips below $65,000, XRP is likely to retreat towards $0.47.
🪷
