Over the past XNUMX hours XRP broke through the $2,5 mark again, reclaiming third place in the overall cryptocurrency rankings with a market capitalization of $140 billion. At the same time, stablecoin USDT issued by the company Tether , moved to fourth position.
Despite the general decline in the crypto market, XRP maintains weekly gains of 2,3%, while annual gains exceed 326%. In addition, trading volume fell 33% to $5,85 billion.
In this situation, renowned trader Peter Brandt pointed out the possibility of a bullish breakout XRP , even though the overall market remains sluggish.
Nebraskangooner analysis suggests breakout XRP to the $2,5 mark was false, it is no coincidence that we are seeing a rollback to $2,44. In addition, the analyst believes that XRP will fall to the $2 support zone.
Nevertheless, there are preconditions for an increase in the rate XRP there are, among them - the coming to power of the new SEC Chairman Paul Atkins, the possible approval of spot ETF on the basis of XRP and the dismissal of the SEC's lawsuit against the token issuer Ripple .
Relative Strength Index (RSI) on the daily chart XRP stands at 57,71, indicating that bulls are in control of the price action, although a decline is likely in the future.
The MACD indicator remains slightly bullish, with the MACD line (blue) above the signal line (red). However, the weak intensity of this signal hints at possible changes in momentum.
