XRP News Today: XRP Prize Sinks – Will SEC Appeal Shift and ETF Push Spark A Backflow?

Despite these concerns, Morgan remained optimistic about the possibility of a future strategic multi-crypto-reserve assets that say:

“I am sure that the Trump administration and David Sacks will take this and other factors and risks into account over time.”

XRP winning trends: Focus returns to the developments of the SEC Appeal and XRP-Spot-ETF

According to Trump’s SBR-Executive Order, the short-term XRP trajectory depends on two important factors: the appeal strategy of the SEC and the potential XRP-Spot ETF registrations.

• Bullish scenario: If the SEC withdraws its calling, XRP could exceed its $ 3.5505. The approval of XRP-Spot ETF applications can further increase XRP demand and possibly drive it to 5 USD for institutional demand.
• Bearish scenario: The SEC pursues its appointment and disapproves XRP-Spot ETF applications and sends XRP below USD 1.5.

XRP price campaign

Daily card

XRP has recorded two losses in a row that are traded under the 50-day exponential moving average (EMA), but above the 200-day company. The EMAs send short -term and bullish long -term price signals.

A break above the 50-day EMA can be bulls on March 2 from $ 3.0153 at the next level of resistance. A return to $ 3.0153 could signal a step towards the high high of January 16 of US dollar. Cheap Ripple Fall messages can bring the all-time high of $ 3.5505 into play.

Conversely, a decline under the low of March 4 of $ 2,2202 could bring under $ 2 and $ 1.9299 within sight. A fall through the Support Level of $ 1.9299 can enable the bears to target the low of February 3 of USD 1.7024.

With a 14-day relative strength index (RSI) of 45.45, XRP could fall on the support level of 1.9299 USD before entering the oversized area (RSI under 30).