XRP is preparing for the next big step because the technical requirements improve
XRP could prepare for another significant breakthrough, since the technical signals indicate this and the regulatory pressure further subsides.
The token, which recently recovered from a longer stagnation under $ 1, is again the focus of the analysts, which see space for reverse movements – provided that the correct narrative prevails.
The crypto dealer and analyst Scott Melker believesthat the past increase of XRP was only the beginning. Its dynamics were primarily driven by an important turning point: a court ruling that effectively freed the token from the classification as “securities”. This legal milestone had eliminated a great burden and opened the door, including the possible recording in ETF products and discussions about its use in strategic digital reserves in the USA.
Nevertheless, Melker argues that XRP now needs a new catalyst. The breakthrough in the regulation was impressive, but persistent uncertainties – such as the still open financial punishments in the case of Ripple against the SEC – steamed the enthusiasm. A proposed comparison of $ 50 million was recently rejected by judge Analisa Torres, referring to a lack of legal basis in accordance with rule 60. This decision leaves the final outcome of the legal dispute over Ripple open and could delay the trust of the investors.
Meanwhile, technical analysts observe the course course of XRP. According to the market observer Ted Pillow, the token broke a long -term descending resistance line and formed a strong support basis by $ 2.40. The formation is similar to a classic “Cup and Handle” pattern, which is often preceded by a bullish sequel.
If the dynamic continues, XRP could challenge resistance in the range from $ 2.90 to $ 3. However, if the current support cannot be kept, there could be a decline towards $ 2.
Even if the way into the future remains uncertain, XRP seems to be entering a decisive phase in which the market structure, the legal clarity and the mood of the investors will decide together about whether it is the next big altcoin that creates the breakthrough.
