Ripple $2.40The price of the XRP of the XRP continues its variable course in the light of the latest regulatory developments, while investors closely follow the developments. Market participants make cautious evaluations about the short -term movements of the XRP price by reference to the latest legal steps and technical indicators.
Legal process and regulatory developments
Recently, after the withdrawal of the US Securities and Stock Exchange Commission (SEC) in the Ripple file, Ripple applied to a cross appeal to ensure that all aspects of the legal process have been discussed. Within the scope of the case initiated by the SEC in 2020, it was claimed that XRP was caused by the sale of indifferent securities. After these developments, discussions continue in the legal community and markets.
“Ripple has applied to a cross appeal so that no details are not overlooked based on the fundamental rights and obligations of the investment agreement.” – Ripple Legal Authority Stuart Alderoty
Price analysis with technical indicators
In market technical analysis, Fibonacci retreat levels and MACD indicators continue to give uncertain signals for XRP. According to the measurements, the current support levels are monitored around 2.37 dollars, while the price can be recovered by remaining above this level.
Investors state that upward movements are possible after XRP continuously makes the level of $ 2.40. However, if the sales pressure increases, the price is expected to decrease to $ 2.30 and even in some cases to $ 2.26.
In addition, it is thought that regulatory applications for other digital assets also affect market dynamics. While market participants state that a gradual recovery may be experienced if the support levels are preserved, it draws attention to the uncertainty that appears in technical indicators.
The coming period may be a period in which the decisive levels will be tested in terms of XRP price movements. Investors can reconsider sales and purchase decisions in line with transaction volume increases and MACD signals.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
