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Ripple’s XRP price has experienced a decline of over 13% on the weekly chart, as uncertainty prevails while investors attempt to maintain support levels. Although the price briefly rose above $2.11 after hitting a low near $2.03, its future trajectory remains unclear.
Trading Volume and Critical Support Levels
Daily trading volume has observed a 35% increase, exceeding $4 billion. Market observers suggest that negotiating the $2.03 support level could trigger a new upward movement if the price surpasses the $2.30 resistance level.
Legal Proceedings and Market Expectations
The ongoing legal proceedings between Ripple 
$2 and U.S. regulators are also a source of market uncertainty. Some investors indicate that the relevant institution may not make a formal announcement until August, leading to complex market expectations.
However, former SEC attorney Marc Fagel disagrees with this view, presenting an alternative perspective.
Marc Fagel: “This claim is foolish and incorrect.”
His comment has sparked discussions within the market. Despite signs of price recovery, investors remain closely focused on the resistance level to be overcome and the support points to be maintained. Current data indicate that XRP may exhibit volatility in the short term.
Market analysts express that maintaining current levels could be a crucial turning point for investors. With the increase in trading volume, questions continue about whether the upward movement will have a solid foundation.
