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The recent market volatility has been a cause for concern among investors, and the importance of major price levels cannot be overstated.
As Dark Defender emphasizes, the resistance level at 2.62 USD must be broken to confirm a correction and move forward with momentum. The analyst warns that failing to break this level would likely lead to further decline.
In addition to the technical analysis provided by Dark Defender, it’s essential to note the Ripple lawsuit ongoing against the SEC. With the US government shutdown potentially impacting the case, uncertainty has taken center stage.
On a different note, an unprecedented ATH (All-Time High) of 5.85 USD is being projected for XRP if the current upward momentum persists, according to a recent report from CNF.
As Ripple’s MoneyTap expands its use of XRP in Japan through partnerships with six regional banks, we’re seeing significant growth in the adoption and development of this technology.
The Tron community has also achieved an impressive milestone in their blockchain capabilities despite a decline in price. This could potentially have long-term implications for the entire industry.
Meanwhile, Revolut has joined Binance, listing its token for 40 million global users.
For XRP, the current situation with the government shutdown and ongoing lawsuit against the SEC creates uncertainty.
Source: www.crypto-news-flash.com
