The post XRP Price Dips to $2.14: Is a 36% Drop Incoming? appeared first on Coinpedia Fintech News
Story Highlights:
XRP Price Today: It is presently changing hands at $2.14, with a drop of 5.51% since the previous day.
XRP News: XRP holders await a closure date of the Ripple vs SEC lawsuit and approval of ETFs, as Paul Atkins calls for a supportive framework for the cryptocurrencies.
XRP price prediction is the keyword that most of the XRP holders are searching for right now. As the long-pending Ripple vs SEC lawsuit finally sees closure. The curiosity is further amplified by Paul Atkins’ call for a clear and supportive framework for the cryptocurrencies. This has sparked talks around potential XRP ETFs as well.
However, XRP continues to be influenced heavily by broader market trends, such as Trump’s tariff threats. Plus, the lukewarm short-term price trends following the news of SEC dropping the lawsuit have been a concern for holders. Additionally, whales have slowed down their movements to pre-U.S. election times. Talking about liquidations, XRP saw a total of $486.01k in short and $5.9M in long. Intrigued enough? Read this analysis for short-term XRP price targets!
Source: CoinGlass
XRP Price Analysis:
XRP price has dropped below its crucial 50 EMA at $2.37 and the next major at $2.31. Falling from the current price tag of $2.14 to break the next support at $1.967 could lead to it finding base at $1.356.
XRP Price Analysis
In contrast, if XRP follows historic trends and recovers above $1.967, it could claim the $2.6 mark after a chug-up above $2.31.
Curious about XRP’s long-term price trends? Read our Ripple XRP Price Prediction for all details!