XRP has been highly volatile recently, affected by geopolitical tensions and Ripple's legal issues with the SEC. This uncertainty has resulted in a 23.7% drop in its price.
The cryptocurrency is attempting to recover from a low of $0.506, with a critical support level at $0.50.
Traders are watching closely to see if this support can help XRP break past the $0.55 resistance, potentially paving the way for a bullish trend.
