news 
XRP Price Critical Level Holds Strong: Optimism by Community
Despite a significant decline of 33% since its January peak, the XRP community remains optimistic about the cryptocurrency’s future prospects. The price of XRP has been struggling to break above critical levels, but it appears that the bearish momentum has finally been halted.
As of now, the XRP price is changing hands at $2.20, with a 24-hour trading volume of around $250 million. This relatively low trading activity could be an indication that investors are either taking profits or waiting for further confirmation before re-entering the market.
The lack of significant price movements in recent days has sparked concerns about the cryptocurrency’s ability to break above its current range. However, many members of the XRP community remain bullish on the asset’s prospects.
Ripple’s final legal victory would be a massive catalyst for XRP’s price, as it could pave the way for the company to continue expanding its services and increasing adoption rates. With this in mind, it is not surprising that the sentiment around XRP remains relatively optimistic.
The fact that over 70% of long positions have been liquidated, with almost $30 million worth of XRP being cleared out in the last 24 hours, could be seen as a sign of increased short-term volatility. Nevertheless, many traders remain confident that Ripple will ultimately prevail in its ongoing legal battle against the U.S. SEC.
While there are no guarantees when it comes to cryptocurrency markets, one thing is certain: the XRP community remains steadfast in their support for the asset and the company behind it.
Source: https://u.today/xrp-price-critical-level-holds-strong-optimism-by-community
