XRP traders bet on a downturn

Current XRP traders are betting on the possibility of a downturn, despite the recent strong growth of this currency. The cryptocurrency market is in a state of uncertainty, with many investors cautious about potential developments. Although the price of XRP has risen to a high of $1.63, forecasts of its weakness in the near future have led to short-term trading strategies, especially betting on short positions.

Some technical analysis suggests that XRP may encounter strong resistance levels at $1.26 and $1.40, and if it cannot break through these levels, a correction could occur, bringing the price back to support levels like $1.00 or lower. Furthermore, with the uncertainty surrounding regulations around XRP due to the unresolved SEC lawsuit, many traders believe that legal pressures could still negatively impact the price in the short term.

However, some traders remain optimistic that changes in regulation could create opportunities for XRP to recover. Upcoming developments will also be very important for the price trend of XRP during this period.