Ripple's XRP is trading at around $0.6900, down nearly 3% and experiencing a decline in open interest, potentially leading to a further price correction. However, other metrics such as active addresses on the XRP Ledger indicate long-term bullish momentum. The relisting of XRP on Robinhood's trading platform and alleged meetings between Ripple CEO Brad Garlinghouse and members of the Trump administration could generate new demand for the altcoin. XRP has seen a rejection at the resistance level near $0.7440, and if it fails to overcome this level, it could decline to the support level near $0.5700. The Relative Strength Index (RSI) suggests a potential price correction, while a daily candlestick close below $0.5700 would invalidate this analysis.
- Content Editor ( fxstreet.com )
- 2024-11-14
XRP struggles near $0.7440, could still sustain rally after Robinhood listing