$XRP : Today's Ripple Rundown đđŹ
No significant news on Ripple today, with most discussions driven by rumors and speculation. Despite strong fundamentals and momentum, XRP couldn't break higher highs yesterday. The SEC's amendment in their case against Binance, no longer labeling some cryptos as securities, was seen as bullish but didn't seem to impact XRP much.
Ongoing concerns like the Federal Reserve meeting and Middle East tensions may have prompted traders to close positions, leading to a price dip. The market structure remains stable, similar to 2-3 days ago, with momentum and open interest returning to prior levels. A drop to 56 cents is still possible, which could be a good buying opportunity.
In the short term, expect consolidation with minimal price movement. We'll wait for new developments before reassessing. An initial pump is expected following news, but long-term impacts will depend on the specifics.