Cryptonews
EN

What’s Next for XRP Price as the Ripple vs SEC Lawsuit Nears Final Decision

coinpedia.org

2 day ago

What’s Next for XRP Price as the Ripple vs SEC Lawsuit Nears Final Decision

Story Highlights XRP price is stuck below 3 dollars with strong support at 2.915, signaling a possible breakout setup. Trader CasiTrades warns the current bounce may be a trap unless XRP clears key resistance. As the Ripple SEC case nears its conclusion, traders eye a potential rally toward 3.41. XRP, one of the most popular cryptocurrencies, has climbed back near the $3 mark after a recent dip. However, this bounce hasn’t built enough strength to confirm a true recovery. Veteran trader CasiTrades warns it may be too early to celebrate. While she sees potential for a breakout, she also cautions that this short-term move could be a trap. If it does, though, she believes it could quickly rally toward $3.41. Bulls Struggle Near $3 Resistance In her latest tweet, veteran trader CasiTrades highlighted that XRP is still stuck inside a falling wedge and is coiling just below the $3 resistance. According to her, this level, also known as the 0.382 Fibonacci retracement, has acted as a ceiling for almost 20 hours. Despite repeated attempts, bulls have not yet broken through. At the same time, she highlighted the strong support at $2.915, which matches the 0.5 Fibonacci retracement. Buyers have been actively protecting this level, refusing to let the price fall further. Right now, XRP is trading between $2.96 and $3—a very narrow range. While this may seem small, in crypto trading, such tight spaces often suggest that a big move could be coming soon. XRP Eyeing $3.41 CasiTrades mentioned that structurally, nothing has broken down. This means the overall market trend is still intact. If XRP can climb above $2.96 and stay there, it would be the first clear sign that strength is returning. According to CasiTrades, the next resistance targets to watch are $3.21 and $3.41, both of which could come into play if momentum picks up She also noted that RSI on smaller timeframes is showing bullish divergence. Simply put, this is a hint that the sellers are getting tired, and buyers may be preparing for a push. As of now, XRP price is trading around $3, reflecting a jump of 1.8% seen in the last 24 hours, with the market cap hitting $178 billion.

https://coinpedia.org/news/news/xrp-bulls-eye-breakout-can-they-push-past-the-3-wall/?utm_source=CryptoNews&utm_medium=app