Bears Pin XRP at RSI 38, 12% Short of the $1.40 Target

Ripple cleared its last federal hurdle this week to open a trust bank. The win came as spot XRP funds drew little fresh money and the token kept sliding. A banking charter builds the long-term case. Fearful markets set the short-term price. Traders want to know whether buyers can halt the slow bleed before the summer low comes back into play. Ripple received final U.S. approval on Oct 27 to set up a national trust bank. The charter lets the company hold client assets under federal oversight. The longer-term case for XRP runs through RLUSD, Ripple's stablecoin.

Source: Crypto Daily