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XRP Price Prediction: SEC Case May Drag On, Technical Analysis Suggests Retracement

⚠️ RIPPLE XRP vs S.E.C To END In 2027? ⚠️
⚠️ RIPPLE XRP vs S.E.C To END In 2027? ⚠️

Summary

The SEC vs. Ripple case may not be resolved until 2027, according to a lawyer. This uncertainty could lead to reduced volatility in XRP, potentially setting the stage for a significant price movement. Technical analysis suggests a possible retracement to support levels, offering trading opportunities.

Technical analysis

On the one-day chart, XRP is still within downside structures, possibly completing an initial A-wave. A B-wave retracement is anticipated following the A-wave, with the possibility of further downside. This process may take a considerable amount of time to play out.

The price has broken down from the 50 and 200 EMA, indicating continued downward pressure on XRP. Stochastics and RSI indicators are approaching oversold positions, suggesting potential for further downward movement.

The most likely scenario is the continuation of the A-wave before a relief rally in the form of a B-wave.

On the weekly chart, XRP has dropped below the weekly 50 EMA and may approach the 200 weekly EMA as a support level.

Expectations for the week ahead

A volatile week for XRP is expected, with a current support level at 48.8.

Conclusion

The SEC vs. Ripple case and technical analysis suggest that XRP may experience a retracement to support levels in the coming weeks. Investors should carefully consider their own risk tolerance and investment goals before making any decisions.

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