🔴$XRP Price to Pumps More 🔴
Current Pattern and Key Levels

XRP/USD has been trading within a descending triangle pattern since early 2024. Despite today’s significant pump, the price remains within this channel. To break out, XRP needs to push above $0.60. The price briefly dipped below this channel in early July but quickly rebounded, with the crucial $0.40 support level playing a key role.

Currently, XRP is trading below the 200-day moving average at $0.54. For any major moves, the price must flip this resistance into support. Generally, trading above the 200-day moving average indicates an uptrend.

Potential Breakout and Market Sentiment

If buying pressure continues through the weekend, XRP could revisit the $0.60 area and potentially break out of the descending triangle, which would be positive for the broader market.

Caution Amid Positive News

Recent price action and rumors of a potential SEC meeting regarding Ripple have excited the XRP community. However, any negative news on the Ripple vs. SEC case could adversely affect the price. Conversely, official positive news could propel the price above $1, representing over a 100% increase from current levels.

Stay cautious and informed, especially with the ongoing legal developments.

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