XRP price grows lethargic as Ripple attorney ridicules Jim Cramer’s offbeat Bitcoin prediction

• Ripple price has refused to gain momentum despite broader market optimism instigated by possible spot BTC ETF approvals.
• XRP could extend the fall by 2% to find support at $0.5442 before a possible correction.
• The bearish thesis will be invalidated once XRP price breaks and closes above the descending trendline around the $0.6500 level.

Ripple (XRP) lawyer John E. Deaton has reacted to a recent post on X by CNBC’s Mad Money host, Jim Cramer, in a manner likely to suggest the legal expert conforms to the "Inverse Cramer” narrative. 

Also Read: XRP price hit a three-year low against Bitcoin as fears of Spot BTC ETF rejection span the market

Ripple lawyer rejoices over Jim Cramer’s Bitcoin predictions

Ripple (XRP) price is still torpid even as the market exercises caution while the spot Bitcoin ETF theme continues to heat up. Amid the anticipation of a decision from the SEC, Jim Cramer made predictions that have attracted the attention of pro-Ripple attorney John E. Deaton.

The CNBC host has said that Bitcoin price had topped out, meaning a value slump was imminent. In response, Deaton was enthused by the post, likely because of his cognizance of the inverse reputation characteristic of Cramer.

Ripple price outlook amid heated spot BTC ETF narrative

Ripple (XRP) price continues to consolidate below the critical level of $0.5784, formerly an important support. With this level acting as a resistance, the payment token is sitting on robust support due to the lower band of the Bollinger indicator at $0.5512 and the horizontal line at $0.5442.

The trajectory of the Relative Strength Index (RSI) moving south points to a falling momentum, which coupled with the red histogram bars of the Awesome Oscillator (AO) in negative territory accentuates the bearish thesis.

Increased selling pressure could see XRP price descend further to test the $0.5442 support before a potential bounce in favor of the north. A break and close below this level could see Ripple price retest the Fair Value Gap (FVG) extending between $0.4927 and $0.5111.

XRP/USDT 1-day chart

On the other hand, if investors seize the opportunity to buy XRP on the dip, Ripple price could push north, flipping the $0.5784 blockade into a support floor. Further north, the remittance token’s market value could confront the centerline of the Bollinger indicator at $0.6065.

In a highly bullish case, the gains could extend for XRP price to overcome the resistance due to the descending trendline and tag the upper band of the Bollinger indicator at $0.6617. This would set the pace for Ripple price to collect the sell-side liquidity residing above as it jolts to the $0.7000 psychological level. A decisive move above $0.6500 would invalidate the bearish thesis.

The fact that Ripple price tagged the aforementioned FVG during the January 2 crash suggests that there is no effective downward pull on XRP, also accentuating the bullish supposition. 

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