RIPPLE (XRP) ↘️
H4 countertrend is valid with room to play
Key Chart (H4)
The H4 short countertrend is valid and may reach the correction fibo 38.2, but may test back the daily breakout.
Bulls have a better chance after this H4 countertrend is broken, and the price crosses significantly above the H4 impulse base.
Key Fundamentals
Summary
Ripple’s XRP is gaining attention as it rebounds from regulatory uncertainties. The resolution of the SEC lawsuit and favorable market dynamics, such as declining inflation expectations and growing institutional interest, are driving demand.
Key Developments
1. Legal Resolution: Ripple Labs was ordered to pay a $125 million penalty to the SEC for the unregistered sale of XRP tokens, providing some regulatory clarity. Read more on Reuters.
2. Market Sentiment: Improved sentiment due to potential cryptocurrency ETFs and macroeconomic shifts like easing inflation is supporting XRP’s price. Details on Barron’s.
Conclusion
XRP’s future looks cautiously optimistic, driven by legal clarity and broader crypto adoption. However, regulatory risks and market volatility remain significant factors to watch.