XRP surged 14% amid optimism over Ripple’s legal case resolution, but quickly lost half those gains below $2.50.
XRP’s price gained significant traction after news of Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission might soon wrap up, but the excitement faded soon.
Spot buying signals turned positive, but futures data shows bearish sentiment, keeping XRP in sideways consolidation between key price levels.
There are key levels to watch - a daily candle close above $2.65 could indicate a positive break of structure, while a close below $2.23 could erase recent gains.