The article discusses the recent performance of XRP and the factors affecting its price. XRP started the day with a bearish trend, reaching a low of $0.47480 before recovering slightly. The article mentions that the delay in a pre-summer judgment and recent SEC rejections of Bitcoin Trust proposals have negatively impacted XRP. However, if Ripple wins its ongoing legal battle with the SEC and spot crypto ETFs are launched, it could have a positive impact on XRP’s price. The article also highlights that the US Core PCE Price Index and personal income numbers, as well as SEC news related to Ripple, will be key drivers for the cryptocurrency. Currently, XRP is below the 50-day EMA and facing resistance levels. The article concludes by stating that failure to move through the resistance levels could drive XRP’s price to approach $0.45.
AI Sentiment: Negative
