👉👉Will the increase in XRP price continue? 👈👈

Cryptocurrency XRP increased by 0.6% in the last 24 hours, increasing its price to $0.435. This increase coincided with Bitcoin recovering by 1.8%. However, it remains unclear whether this rise in XRP will continue.

XRP price recently broke out of a falling wedge formation and traded as low as $0.382. However, there was a slight recovery later. Technical indicators show that XRP is trading below the key moving averages, forming a potential bearish pennant formation. If this formation experiences a downward resolution, the price of XRP may drop by 17% to around $0.35.

On the other hand, in a possible bullish scenario, XRP could regain ground in the falling wedge formation and target the $0.45, $0.47, and $0.48 resistance levels. If these resistance levels are exceeded, it may be possible to reach the $0.55 level.

XRP's market sentiment depends on regulatory developments as well as technical analysis models. Speculations regarding the resolution of Ripple's case with the SEC increase the expectation of a final decision by July 31. However, it seems difficult to expect significant price increases in XRP before the legal process is completed.

My dear friends, do not hesitate to give your free support. I am trying to bring such news to you instantly. My only request from you is that if there is anyone who does not follow me yet, I would be happy if they follow me. Do not forget to like my articles and posts. Thank you.