XRP Price Prediction: After Ripple CEO Brad Garlinghouse Interview On CBS’s 60 Minutes, Traders Turn To This Crypto Wallet For Parabolic Gains

The
XRP
price
plunged
4%
in
the
last
24
hours
to
trade
at
$2.43
as
of
02:27
a.m.
EST
on
trading
volume
that
dropped
2%
to
$13.5
billion.

This
comes
after
the
much-anticipated
appearance
of
Ripple
CEO,
Brad
Garlinghouse,
on
the


CBS
“60
Minutes”
program. 

According
to
the
Ripple
boss,
the
cryptocurrency
industry
was
simply
asking
for
“clear
rules
of
the
road,”
rather
than
to
be
deregulated.

While
commenting
on
his
interview,
Garlinghouse
said
in
a
post
on
X
that
60
Minutes
“shockingly
left
out”
that
a
Federal
judge
had
ruled
that
XRP
is
not
a
security.

XRP
Price
Aiming
For
A
Bullish
Trend
Reversal

The
XRP
price
has
been
on
a
sustained
bullish
rally
since
the
beginning
of
November,
where
the
bulls
capitalized
on
the
$0.55
support
to
push
the
price
up
through
a
parabolic
rise
to
the
$2.87
resistance
zone,
according
to
data
from


GeckoTerminal.

However,
the
bears
have
since
taken
control
of
the
asset,
with
the
Ripple
token
falling
slightly
within
the
falling
channel
pattern.

However,
the
price
of
XRP
still
trades
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
which
is
an
indication
that
the
XRP
price
may
still
surge
towards
a
bullish
reversal
pattern
over
the
falling
channel.

The
Relative
Strength
Index
(RSI)
is
at
47.99,
close
to
the
neutral
50
level,
indicating
a
lack
of
clear
momentum.
It
has
cooled
significantly
from
the
overbought
zone,
leaving
room
for
either
recovery
or
continued
decline.

A
breakdown
below
the
$2.40
support
could
lead
to
a
retest
of
the
$2.20
level.
Further
selling
pressure
might
push
the
price
toward
the
200-MA
at
$1.40,
which
would
be
a
critical
long-term
support
zone.

However,
in
a
scenario
where
the
XRP
bulls
start
buying
the
asset,
the
price
may
undergo
some
reversal,
which
could
push
XRP
back
to
its
previous
resistance
zone,
as
the
bulls
target
$3.5,
over
its
previous
all-time
high
at
$3.40.

Meanwhile,
investors
who
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