Posted 2/13/2024, 10:30:00 AM
XRP Price Drops Below Key Support Levels, But Analysts Optimistic About Future Recovery on Potential SEC Settlement
- XRP price broke down from 440-day ascending support trendline in January 2024
- Breakdown coincided with drop below important horizontal support level
- XRP currently trading in short-term corrective pattern, attempting reversal
- analysts remain optimistic about future XRP price, citing potential SEC lawsuit settlement
- Next key resistance at $0.55; breakout could reach $0.61, rejection could drop to $0.47 support