financialflagship

XRPUSD (Ripple) – Week 43 – Consolidation for the upside

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Head of PAC Protocol and Gokhshtein Media, crypto influencer David Gokhshtein, has taken to Twitter to share his take on the potential positive outcome of the Ripple-SEC case. As soon as it is settled, he reckons, XRP and the whole crypto market will take off. The reason for that, according to him, is the fact that the SEC will finally provide some clarity regarding crypto. This was a condition on which Ripple chief Brad Garlinghouse would agree to settle with the SEC, according to his recent interview. In particular, he wants to have "absolute certainty about XRP." He warned his readers that the tweet was not financial advice.

Technically, we see that the price action of Ripple is in a consolidation that has a high probability of breaking the resistance area marked on the chart. Even if the price retests the small support of 1.02 USDT we give a high probability for a move to the upside after that.

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.