The chart essentially speaks for itself, this is a repeating extension setup that XRP does anytime it goes in a bull cycle. After the 1 (high) and 0 (low) have been formed, the fib extension can be made and the yellow resistance box + green parabolic target box can be made.
The yellow box acts as never ending resistance with many rejections, until an inevitable breakthrough occurs where we reach the parabolic green box after which we enter a long bearish phase again.
Fundamental analysis: "Ripple court documents reveal their expected timeline for resolution - a window between Aug. 26 and Nov. 18, 2022. He also notes that a settlement could end the case at any time, but from Ripple's perspective, regulatory clarity for the token is essential:"
Source: seekingalpha.com/art...rp-token-from-ripple
Along this, Jeremey Hogan, an attorney and Youtuber who has been actively following and updating us plebs on the XRP vs SEC case has had a longstanding predictions that the case would end in September 2022.
With Ripple themselves and respected attorneys like Jeremy Hogan advocating a resolution during this time. We can likely expect this to be when the breakout occurs towards our green target box.
For those who are unaware, the SEC vs Ripple Labs case has surpressed XRP price since the bull run began, it also made it so XRP got delisted from Coinbase and many US exchanges. A resolution of this case could mean rapid repair in the US by form of mass relisting and product launches in the US. Obviously this would be a major bullish event.
The yellow box acts as never ending resistance with many rejections, until an inevitable breakthrough occurs where we reach the parabolic green box after which we enter a long bearish phase again.
Fundamental analysis: "Ripple court documents reveal their expected timeline for resolution - a window between Aug. 26 and Nov. 18, 2022. He also notes that a settlement could end the case at any time, but from Ripple's perspective, regulatory clarity for the token is essential:"
Source: seekingalpha.com/art...rp-token-from-ripple
Along this, Jeremey Hogan, an attorney and Youtuber who has been actively following and updating us plebs on the XRP vs SEC case has had a longstanding predictions that the case would end in September 2022.
With Ripple themselves and respected attorneys like Jeremy Hogan advocating a resolution during this time. We can likely expect this to be when the breakout occurs towards our green target box.
For those who are unaware, the SEC vs Ripple Labs case has surpressed XRP price since the bull run began, it also made it so XRP got delisted from Coinbase and many US exchanges. A resolution of this case could mean rapid repair in the US by form of mass relisting and product launches in the US. Obviously this would be a major bullish event.