$XRP eyes over 5% gains, could break above July 2024 high amidst positive developments - FXS Analytics

Ripple (XRP) is advancing in the development of its stablecoin, Ripple USD (RUSD), currently being tested on the XRP Ledger and Ethereum blockchain. XRP is trading at $0.6251, with potential for a 5.55% gain, holding above key support at $0.6200. The MACD indicator shows positive momentum, with a possible rally toward $0.6602, the 50% Fibonacci retracement level.

XRP may face resistance at $0.6434, with support found in the Fair Value Gap between $0.5972 and $0.6076. If it breaks through, XRP could continue toward $0.6602.

Pro-crypto attorney John Deaton believes an SEC appeal against Ripple’s lawsuit ruling is possible but argues it would be a waste of taxpayer money. Despite uncertainty, XRP holders are watching the situation closely.