XRP Down 22% In 7 Days: How Low Will It Go?
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Zinger Key Points
  • Despite XRP’s sharp decline, traders predict a rebound as technical indicators flash buy signals.
  • Optimism is growing with speculation that the SEC may withdraw its appeal and a potential XRP ETF on the horizon.

XRP XRP/USDis down 22% over the past seven days, but traders see signs of a potential relief rally if sentiment around Ripple remains positive.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day Trend
XRP XRP/USD $2.14$124.3 billion-2.6% -17.9% 
Bitcoin BTC/USD $83,826.89$1.7 trillion-2.1% -14.1% 
Ethereum ETH/USD $2,216.48$267.4 billion-4.7%-18.2% 

Trader Notes: Ali Martinez, a crypto chart analyst, noted that XRP's TD Sequential indicator is flashing a buy signal, indicating a possible rebound.

Crypto trader CrediBULL Crypto said he closed all hedge shorts on XRP as its BTC and ETH pairings remain strong. He's waiting for potential long entries at $1.60 if the price dips below $1.80.

Another trader, Crypto Bitlord, sees $2 as a critical support level—if it holds, his next target is $7. If it breaks down, he warns of a potential drop as low as $0.20.

Community News: The upcoming Native Programmability update will enhance permissionless development, allowing institutions to create scalable and compliant solutions.

Crypto Twitter is buzzing with rumors that the SEC may withdraw its appeal, which could remove a major legal overhang for XRP.

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