XRP Price Technical Analysis 07.04.2023

After gaining the $0.42 resistance level and turning it into support, XRP experienced a nice momentum with the court news and rose to $0.58 levels. However, it has not been able to maintain its position above the first resistance area at $0.55.

I recommend those following XRP to closely monitor developments in the court process. John Deaton, Ripple’s lawyer, recently stated that the postponement of the court process is to allow for a fairer decision.

The XRPBTC pair appears to have turned the falling trend level into support after breaking it. While I believe that positive news from the court could present good opportunities, a negative update could also result in sharp declines.

For this reason, I recommend those following XRP to keep an eye on news coming from the court.

Previous Article

Cost Saving Solution for on-chain Storage from Solana

Next Article

Seedify Launches New AI Presale: ChainGPT

Related Posts