Chart of the week: XRP price trend reversal likely, could lead with double-digit gains 📉
XRP's price has declined by 2% on the day and nearly 9% over the past week, continuing its downward trend. Key factors impacting XRP, the second-largest altcoin, include the unresolved legal matters with the SEC and a $50 million settlement. The cryptocurrency market is also experiencing uncertainty due to Bitcoin's consolidation, leading to trader indecision.
Despite these challenges, analysts suggest that a trend reversal is likely, which may result in double-digit gains for XRP. Such a reversal could occur if legal and market conditions improve, allowing for renewed bullish momentum among traders.
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