the demand for the XRP rises
From last month, the price has been consolidating in a range and has been trading beneath the 50-day and 200-day EMA's. A parabolic movement could burst in XRP if the struggle rules out in favor.
The XRP Daily Chart underscores that price control was in bears' hands, as it failed to reach last swing highs and declined at a constant pace.
However, the price structure was close to the demand zone, where new buyers could join. Moreover, the the final judgment by judge Torres could possibly catalyze the breakout this year in XRP. And if it is ruled out in SEC's favor, in that case, it could impact its price negatively.
The XRP crypto has been trading at $0.5259 at press time. The technical indicators are bearish, but minor bullish signs have appeared in MACD as it has a bullish cross. The RSI has reached 49.33. This shows uncertainties in the XRP crypto.
If the demand for the XRP rises, it could bounce back from its current level. The next goal for the price could be reaching $0.62500 and $0.72500 levels.
However, if the XRP crypto price fails to stay above the $0.49500 level, it could decline and reach lower levels.
The XRP Daily Chart underscores that price control was in bears' hands, as it failed to reach last swing highs and declined at a constant pace.
However, the price structure was close to the demand zone, where new buyers could join. Moreover, the the final judgment by judge Torres could possibly catalyze the breakout this year in XRP. And if it is ruled out in SEC's favor, in that case, it could impact its price negatively.
The XRP crypto has been trading at $0.5259 at press time. The technical indicators are bearish, but minor bullish signs have appeared in MACD as it has a bullish cross. The RSI has reached 49.33. This shows uncertainties in the XRP crypto.
If the demand for the XRP rises, it could bounce back from its current level. The next goal for the price could be reaching $0.62500 and $0.72500 levels.
However, if the XRP crypto price fails to stay above the $0.49500 level, it could decline and reach lower levels.
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