CaryptosHeadlines Media Has Launched Its Native Token CHT.
Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT.
Join the Airdrop at the official website,
CryptosHeadlinesToken.com
- XRP dips 11% despite Ripple’s legal win, shaking market confidence.
- Active addresses fall 70%, signaling weak engagement and reduced liquidity.
- Bears control momentum, with key support at $2.00 and resistance near $2.30.
XRP holders are facing losses despite Ripple legal triumph. The SEC dropped the appeal, confirming XRP’s regulatory clarity. Many expected a price surge, but the token has slumped 11% in a week. Active addresses have fallen nearly 70%. Confidence appears shaken, leaving traders uncertain. Has the legal battle truly helped, or does more trouble lie ahead?
A Legal Win With Unexpected Consequences
The SEC backed down, ending years of legal uncertainty. A 2023 ruling by U.S. District Judge Analisa Torres declared XRP’s programmatic sales legal. However, direct sales to institutions violated securities laws, leading to a $125 million penalty. Many believed this ruling would boost XRP’s value. Clear regulations often attract institutional investors.
Instead, activity on the network has plummeted. Fewer transactions suggest declining interest. Buying pressure remains weak, making recovery difficult. Some analysts are hopeful. An XRP ETF could launch in 2025. A regulated investment vehicle might bring fresh demand. However, speculation alone cannot drive prices higher. Without real buying power, the market remains fragile.
Market Signals Flash Red
Despite legal clarity, XRP’s price action is bearish. Daily active addresses have dropped sharply. A shrinking user base weakens liquidity. Lower liquidity makes assets more vulnerable to heavy selling. XRP has struggled to hold key support levels. Bears control momentum. The Relative Strength Index (RSI) sits at 42.65, signaling weak strength.
A deeper drop could push the token into oversold territory, triggering another sell-off. The On-Balance Volume (OBV) indicator points to fading buying pressure. Without renewed demand, sellers remain dominant. Support around $2.00 serves as a critical level.
A break below could send the price toward $1.90. For recovery, XRP must reclaim $2.30. A sustained move higher could shift momentum. Until then, caution prevails. A legal victory secured regulatory clarity, but traders need more than court rulings to restore confidence.
