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Ripple(XRP)Price prediction-Ripple price-Cryptocurrency news-Cryptocurrency-Crypto wallet-buy crypto. Ripple(XRP)Price prediction-Ripple price-Cryptocurrency news-Cryptocurrency-Crypto wallet-buy crypto

ripple XRP price prediction and analysis. Cryptocurrency news;

Today’s Ripple price prediction is bullish as the market rejected further downside overnight and currently has moved below the next support turned resistance at $1.20. Therefore, once the resistance is broken, we can expect further upside later this week.
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XRP was down about around 50% at one moment in the day !! but this is nothing guys. dont panic and dont be afraid. just hold !

XRP, now the seventh-largest cryptocurrency in the market, has recovered exponentially since it fell to $0.25 last year on the back of the SEC charging Ripple with illegal securities offerings. In fact, contrary to expectations, it can be argued that positive developments in the same have contributed to the altcoin hiking as it has over the course of the year. At the time of video, XRP was recording YTD returns of 481%.

Ripple traded in a range of $0.8753 to $1.31, indicating severe volatility over the last 24 hours. Trading volume has increased by 24.69 percent and stands at $21.4 billion. Meanwhile, the total market cap trades around $54.6 billion, resulting in a market rank of 6th palace.

so we are in the midst of a flash crash and recovery with a wick testing the lower trend line, and a round number support zone . The dip was bought back quickly with price action retreating back into the symmetric triangle discussed in the last post. To me, this looks like a bunch of folks all across crypto got margin-called, but that wasn't enough to gap close down into the .75-.80 range.

The last 7 days, however, were a study in opposites for XRP. While the first few days saw the altcoin hike by 26% on the charts, following BTC’s corrections, XRP fell too, with the latter losing over 10% of its value in just over 24 hours.

It’s worth noting, however, that compared to other alts in the market, XRP seemed to be holding up fairly well. While the Parabolic SAR’s dotted markers highlighted that there was still some bullishness in the market, the Chaikin Money Flow, despite a recent dip, was well above zero – A sign of the strength of capital inflows.

If trading volumes remain steady, XRP may be in a position to consolidate again.

now, some XRP and s e c lawsuit news.

Attorney Jeremy Hogan, a lawyer who has been covering the SEC v. Ripple lawsuit from the beginning, has predicted that if the new SEC Chair, Gary Gensler, chooses to settle with Ripple, that should happen within the next two weeks.

FinanceFeeds covered Mr. Hogan’s remarks in March, when he raised attention to two bombshells dropped by the Judge, consenting on XRP’s currency and utility value. With currencies and securities being two different things, the SEC’s argument that Ripple is security may lose its credibility.

While investors may be looking for is a trigger for a new bullish run, what the industry wants is regulatory clarity.

A settlement should signal the SEC’s intention to provide exactly that, probably with the help of fellow regulatory entities and Congress.
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