Technical analysis by Justin_hello about Symbol XRP on 7/17/2024

The RSI is currently at 69.45, near the overbought zone. This indicates that the upward momentum is still strong, but a short-term correction might occur. The price has broken through the key resistance level around 0.5979 USDT and is now heading towards the next resistance at 0.6069 USDT. The significant support zone is around 0.5668 USDT. According to the chart, the current price of XRPUSDT is rising. This upward trend is expected to continue in the short term. Regarding the news: This morning, XRPUSDT is receiving particular attention due to the news that Ripple (the company issuing XRP) is nearing a settlement with the SEC over the lawsuit concerning the issuance and trading of XRP.