The price of XRP has been moving within a bullish pattern lately, but it is still facing some tough resistance on the charts. At the time of writing, XRP is trading at $2.11, down by more than 6% in the last 24 hours.
Why is XRP Price Falling?
On June 13, Israel launched an airstrike targeting Iran’s nuclear sites, which triggered a drop in cryptocurrencies As a result, the total cryptocurrency market cap dropped by 4%. Adding to this, in the ongoing Ripple vs. SEC case, both parties submitted an updated settlement proposal the same day. However, legal experts have expressed concern that the new filing still doesn’t resolve the earlier concerns.
XRP Price Prediction: What’s Next?
Right now, the important price level to watch is around $2.34 to $2.35. This is the same area where the price was rejected