XRP faces a pivotal moment at the $3 price point, with a near 64% probability, according to traders, favoring a rally towards $4. Despite a recent drop of 6.4% triggered by unfavorable inflation data, sentiment remains slightly bullish. Technical indicators suggest a mixed outlook: while the Relative Strength Index (RSI) is neutral at 48, indicating indecision, the Average Directional Index (ADX) shows a robust upward trend at 28, confirming momentum. The 50-day exponential moving average (EMA) sits above the 200-day EMA, creating a bullish stack that typically indicates continued growth. However, a substantial whale sell-off, with $6 billion offloaded since mid-July, raises concerns about a potential price correction. Despite these challenges, the end of the SEC-Ripple lawsuit and a high probability of a spot XRP ETF approval could serve as catalysts for further price movement. Overall, the balance of technical indicators and market sentiment appears to slightly favor a bullish direction for XRP, although risks remain if key support levels are breached.

Source 🔗