$XRP is currently at a critical juncture. Despite winning the case against the SEC, XRP prices fell again over the weekend.

XRP prices have fallen 3% in the past 24 hours, hovering around $0.475. XRP prices have been below the 50-day and 200-day simple moving averages since April 12, with a "death cross" on April 20.

XRP prices formed a symmetrical triangle structure and broke down on June 7, hitting $0.450. However, XRP continues to hold the key support level of $0.475. If the current support level of $0.475 is broken, XRP prices may fall further to $0.425. If the current support can be held, XRP prices are expected to rebound to $0.55.

The market detected a large amount of XRP transferred from Binance to an unknown wallet, indicating that large holders have a certain influence on the market. CoinGecko data shows that XRP's 24-hour trading volume surged 58%, which may reflect the market's high attention to the current price level.

And Ripple CEO clarified the misleading headlines about the decision of California Judge Hamilton, believing that this was one of the reasons for the decline in XRP prices. XRP's future price trend will largely depend on whether it can hold the current key support level of 0.475. If it can hold, the price is expected to rebound to 0.55; otherwise, it may fall further to 0.425

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