Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation – Details
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The XRP community was surprised when the SEC canceled a closed-door meeting on July 18 without providing a reason. This has led to market speculation that it might relate to the approval process for spot Ethereum ETFs. XRP's price dropped 8% to $0.58, though trade volume showed increased investor interest. Market experts are closely watching XRP's price movements. Analyst Javon sees a pattern similar to a previous bullish trend, predicting a potential price surge to over $237. Technical indicators show strong support around $0.5820-$0.5850 and resistance at various levels up to $0.680. A clear break above these levels may lead to gains, while failure could result in a price drop.
Source: www.newsbtc.com ↗
