27.06.2025 03:29
Judge Analisa Torres's rejection of a joint motion from Ripple and the SEC for an indicative ruling has injected fresh volatility into the Ripple-SEC lawsuit, significantly impacting XRP's price. The immediate market reaction saw XRP plummet to $2.09 before a slight recovery to approximately $2.10, representing a 5% decline. This development underscores the ongoing legal uncertainty surrounding the cryptocurrency.
Currently, XRP's price trajectory remains bearish, characterized by progressively lower highs and lows – a classic indicator of weakening market sentiment. While short-term price increases are possible even within a bearish trend, a genuine reversal necessitates a shift to higher lows and ultimately, a decisive break above previous resistance levels. A recent tweet from Eleanor Terrett confirmed Judge Torres's denial of the joint motion, further fueling market anxieties.
A key resistance zone lies between $2.19 and $2.20. A sustained close above this level could propel XRP towards the next target range of $2.30 to $2.35. Successfully breaching this second resistance would signify a strengthening bullish trend, potentially igniting a rally towards $2.60. However, this optimistic scenario hinges on overcoming substantial market resistance.
Conversely, the crucial support zone to monitor sits between $2.05 and $2.10. A breach below this level could trigger further declines, with the next support area anticipated around $1.92 to $1.95. The current market momentum is weak, with short-term gains occurring within a predominantly bearish market structure. Maintaining a bullish outlook requires XRP to stay above the $2.08 support; a fall below this level increases the likelihood of establishing a new market low, highlighting the precarious position of the cryptocurrency.
