XRP bulls lining up for next pump

Ripple didn't escape from last weekend's correction. Its price action retraced and tested the fib golden level 618.

Technically speaking, this crypto asset remains in a bullish bias, still trading above the 50 EMA, potentially looking forward to the next pump. Fib extension tool could allow us to forecast the next movement target around the previous ATH at the 3.53 handle.

Fundamentally speaking, Ripple continues under the thumb of the Security Exchange Commission. The SEC has decided to move forward with a high-profile enforcement action, but at the same time is concern about losing this case as this could damage its countenance.

Despite this clusterfuck and unpredictable outcome with the legal litigation, XRP market price kept pumping, responding to the market's demand. Let's keep a close watch and see you all at the ATH above $3.

#XRParmy


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