XRP is at a critical price point of $2.28, sparking discussions on its potential market movement.
Potential Drop to $1.60
Glassnode reveals an 'air gap' in the UTXO Realized Price Distribution between $2 and $1.60, indicating a possible significant drop if XRP falls below $2.
"Below $2, a gap with no significant support could pull it to $1.60."
Struggles with 20-EMA Resistance
XRP is struggling to reclaim resistance at the 20-day exponential moving average (EMA) of $2.33, a crucial level for further upward movement.
SEC vs. Ripple Case
Pro-XRP lawyer Bill Morgan commented on the potential negative impact of prolonging the SEC vs. Ripple case on XRP's price.
Prolonging the SEC vs. Ripple case can harm XRP.Bill Morgan
XRP is at a significant market phase, and analysts closely monitor how the situation will develop in the near future.
