Investors Are Optimistic Over Ripple Vs SEC Sentiments, XRP To Target $0.45

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It was on Monday when the trading price of XRP (XRP) experienced a significant rally. The data shows that the trading price of the asset recorded a 5.97% surge in a 24-hour window.

The surge that the asset experienced was a reversal from a 0.59% dip that the trading price of XRP had experienced in the Sunday trading session.

XRP Hit a November 9 High

Having experienced a strong rally, XRP’s trading price reached a high of $0.42467 per XRP. The price chart shows that the asset had surged to $0.43 before resting at $0.42467.

This was the first time that the trading price of XRP reached a particular level since November 8.

Prior to the surge, the trading price of XRP was at a low of $0.40020 per XRP. After experiencing a strong rally, the trading price of the asset went to a high of $0.43296.

The first obstacle that the investors had to breach while sustaining a rally was $0.4096, the first major resistance level.

Once the bulls were able to make it through the first resistance level, they attempted to go for another major resistance level.

The second major resistance level that the asset had to pass was $0.4184. The asset successfully managed to hit the level and then rose all the way up to a high of $0.43296 before settling at $0.42467.

Ripple’s Victory Optimism May Help XRP Achieve $0.43

Monday did not manage to bring in many updates for the XRP community through the Ripple vs SEC case.

Although the community is waiting for a positive update on the matter so far, no developments have been made.

However, the recent court sessions have given strong hints that it is Ripple that is to win the case against the US SEC.

The decision now lies with Judge Torres, presiding over the case. Brad Garlinghouse, the CEO of Ripple, and other market participants expect that the judge may announce the decision by the summer.

They are expecting that the decision is going to be in favor of their company and that is to give a major boost to XRP.

Brad Garlinghouse and John Deaton have shared their optimistic opinions about the Ripple and the US SEC case.

According to the two figures, they are expecting that the situation is going to prove very supportive towards XRP. As per their predictions, XRP will be able to push ahead of the $0.50 level.

The Situation to Draw Interest

The analysts are expecting that the optimistic anticipation is going to keep impacting the trading price of XRP in future trading sessions.

The investors may keep taking inspiration from the Ripple vs SEC case and the price of XRP may continue pumping due to these sentiments.

In the upcoming days, the corporate earnings and indicators of the US economy may continue pushing XRP’s price higher. These factors may also help in pumping the price of the asset.

Price Prediction for XRP

The data shows that the price of XRP is currently down by 0.49%, moving down to a low of $0.42259. Prior to hitting the mentioned level, the trading price of XRP was at a low of $0.42104.

After hitting $0.42104, the trading price of XRP hit a high of $0.42417 but it ended up moving down to $0.42259.

What XRP has to Avoid?

According to the technical indicators, the bulls will need to put in a lot of effort in order to push the XRP price higher.

The bears will be exerting selling power in order to pull XRP’s price to a low of $0.4193. If they are able to do it, then the trading price of XRP may surge above the first resistance level.

The positive momentum will allow the trading price of XRP to get to the next level in the upcoming days.


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