*MARKET VIEW ON XRPUSDT*đŻđŻ
*I marked the level on chart of XRP that its gonna fall from this level if it didn't close above the marked area !!*
*$0.5000 is now imp level to reverse back*
XRP has been experiencing volatility, recently dropping below $0.60, with its price currently hovering around $0.57-$0.58.
The decline, which began in early October 2024, followed a broader market reaction to geopolitical tensions, but traders remain cautiously optimistic.
This is partly due to XRP's positive funding rate, signaling that many traders are maintaining long positions, expecting a potential recovery soo
*Key upcoming events like the U.S. SEC's appeal deadline on October 7 are likely to influence XRP's price action.*
If the SEC chooses not to appeal or Ripple emerges more favorably from ongoing legal matters, analysts predict XRP could regain the $0.60 mark and push toward resistance levels around $0.63 to $0.66
*4-Day Downfall Plunges XRP by 20%*
In the daily chart, the XRP price is down by 20%, with a streak of four massive bullish engulfing candles.
After creating a swing high at $0.6650 amid the broader market correction, the XRP price takes a quick plunge, leading to a price fall to $0.52.
Further, the intraday drop in XRP accounts for 1.19%.
