XRP Patience: XRPL Activity Spikes, Ripple CEO Expects Pro-Crypto Laws From 2025
XRP has strong support at $0.50. On multiple occasions, price has rebounded strongly, rejecting any attempt of lower lows. After the dip on Wednesday, prices recovered, printing a long lower wick by the day’s close. The follow-through on October 24 is welcomed but not enough. The sideways consolidation and the general apprehension among traders, seen from flat trading volume, could explain why this chop is taking longer. For proper trend definition, what’s needed is a decent close above $0.55, or a disappointing dip below $0.50. If this happens, a direction will be established that could shape the short-term trend.
Traders are confident of what lies ahead, but there is nothing to show if price action over the last three weeks is…
