The cryptocurrency XRP has seen a correction of almost 30% in the last 30 days and has been trading below $3 for nearly a month. The Directional Movement Index (DMI) indicates a strong downtrend with increased bearish momentum. However, a potential reversal could occur if the SEC drops its lawsuit against XRP, potentially triggering a rally towards key resistance levels. The XRP's Average Directional Index (ADX) has significantly increased to 36.98, indicating a strong downtrend gaining momentum. The number of XRP active addresses has dropped, suggesting reduced interest and bearish sentiment, but recent recovery suggests growing user activity and renewed interest in the network. XRP's EMA lines show a bearish setup, with short-term lines below long-term ones, indicating continued downward momentum. However, a trend reversal is possible if the SEC drops the lawsuit in March, potentially leading to an uptrend and a reversal of the bearish outlook.



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