The XRP token has failed to maintain its position above the $0.60 level, despite the overall bullishness in the cryptocurrency market. While Bitcoin and other major altcoins have seen gains, XRP has experienced a 1% dip and is among the worst-performing cryptocurrencies. Analyst Bill Morgan believes that the failure to break and stay above $0.60 could lead to a drop below the 20-day EMA, which has been a strong resistance point. He emphasizes that his observation is meant to counter the excessive hype around XRP. The XRP community has been speculating about the token reaching a new all-time high, especially after Ripple's battle with the SEC concluded. Ripple CEO David Schwartz has expressed uncertainty about the factors driving up XRP's price, and he has also dismissed price manipulation conspiracies.



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