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XRP Faces Uncertain Future as Court Battle with SEC Continues and Support Levels Tested

XRP has fallen 2.3% to $0.515 and is seeking support and liquidity before attempting to reach $1. The token is currently trading below major moving averages, but is being supported by a multi-month ascending trendline.

Traders should be cautious and wait for confirmation of a trend before investing in XRP, as a bearish outcome is likely if the token falls below the trendline or $0.5. Rumors have circulated that Robinhood may list XRP before the end of 2023, which could potentially trigger another price rally.

XRP XRP $1.46
+4.74%
XRP Robinhood
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  • cointelegraph ·

    Why is XRP price up today?

    Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
    Why is XRP price up today?

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