XRP bulls continue to dominate the market following a victory over the SEC. The price action for XRP remains bullish, with buyers holding the $0.7 level against bearish pressure. There are multiple levels of support for XRP that need to be breached to shift the outlook to bearish. The OBV indicator shows that buyers are stronger than sellers, indicating that prices are likely to rise. Positional traders can maintain a bullish outlook until the $0.566 level, while lower timeframe traders can buy XRP at the $0.67-$0.7 region with a target of $1.05. The 90-day MVRV ratio suggests that XRP is currently overvalued, and a retracement may be beneficial for investors. However, development activity has decreased, indicating potential sellers coming into play. The $0.56 and $0.645 levels need to be breached for significant concern among bulls.
AI Sentiment: Positive
