XRP Price Alert: Support Test, Bearish Signals, Bullish Hopes

• XRP has successfully tested the support at the $2.30 price level and now eyes the 20-day EMA.
• The cryptocurrency has broken out of a multi-year symmetrical triangle with a $15 price target. 
• Lawyer Jeremy Hogan said that a private settlement between the SEC and Ripple would be the quickest resolution.

XRP is currently testing a crucial support level, raising concerns about a potential price drop in the near term. 

The fourth-largest digital asset dipped to $2.34 at the time of writing, and is now attempting to flip the 20-day Exponential Moving Average (EMA) at $2.3492 into a support level

What’s the Immediate Risk for XRP?

If the 20-day EMA fails to hold as support, further decline is possible. The immediate support lies at the recently tested $2.30 level.

Technical indicators are flashing mixed signals, with some suggesting caution. The daily chart shows that the Relative Strength Index (RSI) stands at 48.91, hovering near the neutral 50 level. While this means the digital asset is neither overbought nor oversold, an RSI below 50 can indicate weak bullish momentum.

Meanwhile, the XRP price is positioned near the middle Bollinger Band line at …

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