XRP Dey Test Key Resistance Before SEC Appeal Decision
XRP rally pass im $2.28 resistance zone dem on July 7 afta Ripple Labs apply for U.S. national bank charter wit di OCC on July 2, wey boost investor confidence well-well. Even though e drop small for two days, di token still hold support for $2.24–$2.25 and e close di last session for $2.27 as volume surge happen. Traders now dey wait di SEC vote for July 10 if dem go withdraw appeal for Ripple case, dis decision fit confirm say XRP no be security, clear way for institutional sales and spot ETF launches. For di weekly chart, XRP don form falling wedge above di 50-week EMA ($1.85); if e break out confirm for key resistance at $2.29–$2.30, e fit open targets up to $3.40 and posible 362% gains reach $10.45. Wit RSI stable at 53 and MACD bearish pressure dey reduce, market watchers point to positive SEC outcome and technical breakout as catalysts for fresh buying interest.
Bullish
Di kombinashun wey Ripple bank charter application get and di SEC appeal vote wey dey come don bring beta regulatory catalyst wey dey boost investors confidence. Di technical setup—falling wedge wey dey above di 50-week EMA, strong support levels, rising RSI, and MACD bearish pressure wey dey reduce—show say breakout fit happen soon. Short-term traders fit see fresh buying if SEC give positive decision, and long-term market fit stabilise well if dem clear institutional pathway for spot ETFs and stablecoin issuance. Overall, outlook for XRP na bullish.