3 min readRIPPLE (XRP/USD):
Ripple has experienced significant upward volatility in its asset class following the announcement of the U.S. SEC Chair’s resignation. Currently trading above $1.45 for the first time since 2021, XRP appears to be maintaining its position after this surge, approaching a key resistance level.
A closer examination of the technical indicators reveals that, following a 150% gain over the past two weeks, the RSI is significantly overextended. This suggests that, in the short term, the price may undergo minor pullbacks or consolidation before resuming its upward trajectory. If this kind of price action unfolds, it will be interesting to observe how the former resistance level, now acting as support, holds up – particularly as it aligns closely with the key psychological level of $1.00.
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