XRP faced a bearish start to the day as it fell to a low of $0.4832, before rising to end the day at $0.4903. However, rumors circulated that Ripple was planning to buy back 10 billion XRP, which would account for 10% of the total supply, although this has not been confirmed. XRP is currently below the 200-day EMA and investors should monitor news from the ongoing SEC v Ripple case. A move through the 50-day EMA would signal a bullish shift.
AI Sentiment: Negative
