XRP Price is on Run-Here are the Updated Targets Until the End of the Quarter
The post XRP Price is on Run-Here are the Updated Targets Until the End of the Quarter appeared first on Coinpedia Fintech News
The Ripple vs SEC lawsuit seems to have reached a crucial juncture as the updates over the case are largely impacting the XRP price. The token witnessed a major price jump with the rumors of the cases being settled on paper in the past few days. The XRP price, which was stuck in a range of around $0.38, surged high to reach close to $0.5. However, the bears restricted the rally and dragged the price below $0.45.
However, the bulls have managed to reclaim their dominance over the rally and may soon raise the levels above $0.5. With the recent recovery, the XRP price not only surged above the crucial 200-day EMA but also sliced through the resistance of the symmetrical pennant. Although the bears attempted to bring back the price within the triangle, they are facing tough competition from the bulls.
The XRP price appears to be stuck between the crucial resistance and support levels of $0.51 and $0.418. However, the price has dropped below the support, but soon the bulls will lift the price. The token appears to be extremely bullish at the moment as the RSI is heading toward the overbought zone, despite facing a couple of pullbacks. The MACD just turned bullish with significant volume, and hence the upswing is believed to prevail for a long time.
Now when Coinbase is sued by the SEC over the crypto report, the upcoming judgment of the Ripple vs SEC lawsuit is believed to be pivotal for the entire crypto industry. According to market experts, the impact of the lawsuit is not only limited to the crypto space but may also extend to the capital markets.
