XRP Slips Back to $1.47 as Market Awaits Catalyst

XRP is consolidating after failing to hold above $1.70, sparking questions about whether this is a routine cooldown or the start of something more ominous.

Last week, XRP spiked over 20% and briefly touched its highest print since January at $1.70, but the rally unwound quickly when Bitcoin stalled near $80,000 and dropped below $76,000.

The daily RSI hit a reading of around 80, indicating that the price was in overbought territory just as it reached the $1.70 resistance zone.

However, Ripple Bull Winkle believes that this looks like a reset rather than a reversal, stating that the structure is still intact and pointing to the potential for XRP to hit $2 and eventually $3 if regulatory overhang is removed.