The XRP price has remained relatively stable after the news that the U.S. Securities and Exchange Commission (SEC) dropped its appeal against Ripple. Despite a small price surge, further activity was not observed as large investors showed a lack of interest in buying.
Current SEC Situation
The SEC has not officially closed the case against Ripple, only dropping its appeal. According to many experts, including pro-XRP lawyers, the SEC has few options left, and it's unlikely that significant developments will occur over the weekend.
Technical Indicator Analysis
Technical indicators on the daily timeframe indicate that the XRP price is in a neutral zone. The Relative Strength Index (RSI) is at 50.344, suggesting no strong pressure in either direction. The MACD indicator is nearly zero, confirming a lack of pronounced dynamics. Other indicators such as the CCI and ROC show moderately positive momentum but do not reach extreme values.
Weekend Price Predictions
Based on the technical indicators, the XRP price is likely to trade within the $2.35-$2.45 range. If market sentiment turns negative, the price may drop to $2.25. However, positive news or a broadly positive market trend might push the price back to $2.50 and above.
Overall, the upcoming weekend is unlikely to bring significant changes to the XRP price without any news or developments related to the SEC case.
