🛡️ XRP’s Bullish Armor Holds — Court Ruling Fails to Derail
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Updated at: 7 hours ago
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Many saw XRP's price fluctuation as a setback after US District Judge Analisa Torres' order. Despite the judicial denial, a crypto expert believes XRP's bullish structure persists. She urges investors not to worry and believes the cryptocurrency can hold $2 and continue rising.
XRP Bull Structure Unaffected by Court Blow
XRP saw short-term price changes after Torres rejected Ripple and the US SEC's indicative ruling motion.
XRP's price behavior is fundamentally intact and correcting, according to the expert. The analyst sees the legal blow's collapse as part of a traditional ABC correction, with the market currently likely in Wave C.
XRP's crucial support zone is $2.07-$2.10, corresponding with 0.618 and 0.5 Fibonacci levels. XRP has maintained its zone, with the $2.10 support level holding into the daily close.
Momentum indications near the chart's bottom support this. XRP's lower-time frame Relative Strength Index (RSI) has reached oversold territory at 20 and is forming a Bullish Divergence, indicating fading selling pressure. The chart's immediate resistance levels are $2.13 (0.236 Fib) and $2.145 (0.382 Fib), adding technical confluence. The 0.5 Fibonacci Extension level at $2.16 is also providing a stronger resistance barrier.
The cryptocurrency may possibly continue its bullish trend and climb to new highs.
XRP Prepares For $2.69 Launch
XRP nearing the important support zone around $2.07 as it seeks new highs at $2.69. After a rejection at $2.145, the 0.382 Fibonacci Retracement and ideal Wave 4 goal, the analyst says Wave C is entering its last phase.
As long as XRP maintains above the $2.07 support, CasiTrades expects a positive breakout that might push it to $2.25 or $2.69 if momentum continues.
#xrp #BTC110KToday? $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/29/890f950eaef547ebb174ce51c47335ec.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}