Ripple 
$2.93‘s XRP, last week for the first time since 2021 closed $ 3.50. However, at the opening of the week with withdrawal to around $ 3, $ 3.84 was below the target. Jerome Powell, the President of the FED, who triggered the rise, gives an interest rate reduction signal before the September 17th FOMC meeting and Secular CaseWith the end of the appeal process, there was a definite reconciliation. Reconciliation covers Ripple’s sentence of $ 125 million and the court determination that XRP is not securized in secondary market transactions. Defense lawyer James blahIn his X on August 22, he confirmed that the US Second Court of Appeal had reduced the appeals of the parties. Thus, the file returned to the first degree for sanctions.
Powell and case effect on XRP
While the markets were rising with Powell’s statements last week in Jackson Hole, XRP He could not continue the same momentum. Bitcoin 
$111,198.79 and Ethereum 
$4,534.65 Since the beginning of the month, respectively, with the highest levels of all time with $ 124,000 and $ 4,890, the XRP could not overcome the threshold of $ 3.84 and declined to around $ 3 with a 4 -with withdrawal in a short time. The resulting picture shows that despite the abolition of legal uncertainty, the price is forced in strong resistance zones.
With this Sec – ripple In the case of the finalization of the agreement, the closure of the way of objection and the transition to the sanction stage, corporate headings such as the mid-long term appearance offer positive signals. On the other hand, the short -term pricing continues to remain sensitive to global risk appetite and liquidity conditions. In particular, a new acceleration is not expected to arise without exceeding technical levels.
The price of XRP Coin is under intense short pressure
Derivative markets CoinglassThe 30 -day liquidation map for the Binance Exchange shows that Short positions with $ 1.15 billion in XRP have left behind long positions with 489 million dollars. This imbalance that emerged after the rally causes profit purchases to accelerate, while reflecting the effort to evaluate the perception of excessive purchase of bears. Experts expect the print on the price unless a new positive trigger comes.
XRP Coin‘s price was traded around $ 2.98 at the time of the news. AltcoinThe short -term averages have created a narrow resistance band with $ 2,99 ($ 5) and $ 3.05 (13 days). Macd produces cautious signal in the negative region and for buyers.
A convincing output on $ 3,10 can bring the $ 3,50–3.84 line back to the agenda and if the corporate interest is refreshed, the price can extend to $ 4.00. Otherwise, the price of less than $ 3.00 of the price may lead to testing of $ 2.88 and $ 2.70 in the beginning of August.
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.
