Ripple's Letter Motion to Seal Exhibits sparked settlement rumors between the SEC and Ripple in the crypto world. However, in the near future, this agreement may help the present $1.04 worth of XRP price. Due to the filing of the lawsuit and subsequent delisting from exchanges, the price of the token plummeted at the start of the year. Because of the ongoing litigation, crypto exchanges in the United States have been unable to provide XRP on their platforms. However, a prospective settlement may pave the way for relisting.
Technically, last week we were right about the move in the price of Ripple. It went to the upside and broke the resistance area. This week, we see a strong momentum for a continuation to the upside with or without a consolidation in this area. We have no reason to believe a reversal is going to happen. However, if there is a sharp pullback, we will keep you posted.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, last week we were right about the move in the price of Ripple. It went to the upside and broke the resistance area. This week, we see a strong momentum for a continuation to the upside with or without a consolidation in this area. We have no reason to believe a reversal is going to happen. However, if there is a sharp pullback, we will keep you posted.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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