XRP’s price is experiencing a mixed start, but there are bearish signals indicating a potential fall in price, particularly through the $0.5900 – $0.5750 support band. The cryptocurrency is currently below the 50-day and 200-day EMAs, which indicates a bearish sentiment. The SEC’s ruling regarding XRP being classified as a security continues to be a significant topic of discussion. Other factors to monitor include Coinbase and Terraform Labs’ legal battles with the SEC, as well as potential regulatory developments.
AI Sentiment: Negative