The price of XRP has dropped to its lowest point in 12 days as the cryptocurrency sell-off intensified due to concerns about DeepSeek. However, there are indications that the price could recover if it remains near the $3 level, with the formation of a long-legged doji candlestick suggesting a strong reversal. Ripple has also formed a break-and-retest pattern and a bullish pennant pattern, both of which signal potential upside. Some bullish catalysts for XRP include obtaining money transmitter licenses in New York and Texas, high open interest in XRP futures, and the possibility of the SEC approving a spot XRP ETF.



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