XRP falls by 2.6 % due to legal uncertainty - is there a return to the $ 2.20 mark?

XRP falls by 2.6 % due to legal uncertainty - is there a return to the $ 2.20 mark?
XRP: Current market development and possible recovery
Last week, XRP recorded a decline of 2.6 % due to legal uncertainties and increased caution on the market. These developments raise the question of whether relaxation near the $ 2.20 is possible.
The uncertainty in the legal environment, especially in the course of ongoing legal proceedings, has affected the trust of many investors. This has led to a cautious posture on the market, which has a negative impact on the price of XRP.
The consideration of important support and resistance levels will be crucial for investors in order to assess possible recovery movements. If you look at the charts, a short-term goal could be around $ 2.20, provided that the market mood improves and legal clarity is created.
Overall, the market movement of XRP remains closely linked to external factors and general stability in the cryptocurrency market. Investors should follow the developments carefully and adapt their strategies accordingly.