The XRP price has broken a critical support line of a previous pattern, putting the long-term bullish structure at risk. The price action and RSI readings in multiple time frames suggest a continuing decrease, with the acceleration of the downward movement being the most likely future price scenario. The Ripple vs SEC case has seen a small victory for Ripple as the judge denied a motion filed by the securities regulator, but the postponement of the case has drawbacks for Ripple's ability to access its reserves and raise funds. Technical analysis suggests that despite a bounce, the decrease is expected to continue in the near future, with a fall below the wave 5 low at $0.41 meaning the trend is still bearish.
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