Ripple Price Plummets 8%
This is a KC news story, published by CoinGape, that relates primarily to XRP news.
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XRP price rallyCoinGape
•Business
Business & Economics
XRP Price Forecast: Traders Eye $2.80 Rally As Ripple Files New Trademark
76% Informative
Ripple (XRP) price has declined 8% on March 16 , but Ripple 's new trademark filing hints at an upcoming crypto custody product, which could drive fresh investor interest.
The Fed ’s upcoming decision could influence market risk appetite, impacting XRP 's short-term price trajectory.
XRP price has tumbled 8% to end 4-day winning streak fueled by speculation that the SEC may classify XRP as a commodity.
The Keltner Channel ( KC ) midline at $ 2.35 is acting as immediate resistance.
Volume data shows a healthy recovery, with prior bullish days recording over 1.25 billion in volume.
The Relative Strength Index (RSI) at 47.49 sits in neutral territory, signaling neither overbought nor oversold conditions.
The recent bounce from 40 suggests growing bullish momentum.
VR Score
65
Informative language
58
Neutral language
54
Article tone
formal
Language
English
Language complexity
47
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
4
Source diversity
4
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