XRP was able to hold on to its lead as the best performing asset in the top ten for most of today, after news broke in the morning of Ripple entering the Chinese market following the new joint venture between American Express (NYSE:AXP) and the Lian Lian group. Later in the day, a promising update regarding the Ripple lawsuit moving into an allegedly more favorable Federal Court helped sustain bullish sentiment while the wider crypto market remained in the red.

As we headed towards today’s market close, however, bullish XRP traders finally gave out after failing to overcome two strong resistances at 8,224 and 8,284 Sats multiple times. The marked decline in trading over the past few hours has left XRP down at -0.16% against BTC, despite having spent most of today up at 4%.

What can we expect next for this asset? Let’s take a look.

The Story Earlier Today

Diving into the video analysis, we noted that XRP was struggling to overcome th…

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