☄️ Thanks for stopping by this shouldn't take long but is very good to hear.
☄️ Crazy to see how long we we're stuck sideways trading between 0.479 and 0.492 before getting that breakout with this news of the SEC announcing that the SEC will indeed seek to dismiss all claims against Ripple's CEO who is Brad Garlinghouse and it's executive chair Chris Larsen. Something to point out is that the filing doesn't state the SEC is dropping the main civil case against Ripple, just dismissing it's claims against Brad and Chris which in itself is still a huge win.
☄️ With the SEC's other cases against high profile figures in the crypto space, to see a dismissal in itself for Brad and Chris is a great victory for XRP proving even more that the lawsuit was unjust.
☄️ I don't need to do much TA today, after all, most of this move up has been thanks to the news and that's been what has sent us straight up breaking our horizontal levels, pulling us up to that 0.526 level where we already know we'll have some big resistance, especially considering the last time we we're up here was prior to our big fall.
☄️ After an impulsive move like this I wouldn't be surprised to see some healthy retracement, especially as we've overextended away from that 200 EMA granted we've regained the 200 which is great but we've distanced ourselves from it so naturally wouldn't be to surprised to see trading acting try and pull us back closer to that 200 EMA.
☄️ The rest of the market has followed XRP with Bitcoin and other crypto's marking some nice positive gains for the week with news of a possible Bitcoin ETF being on the horizon, such in itself would create a huge opportunity for crypto of course to expand and become more ingrained in the financial world as it already is doing day by day like Ripple continues to do.
☄️ TA Wise I'm watching for resistance below 0.52 and support above 0.514. That is basically the make or break it for the levels, below 0.514 and we'll likely retrace back a while but a break above 0.52-6 could put us in a position to regain even more of a percent though all in all, it's good to see XRP regain it's ground. We already figured in the past idea that what was gonna send us up would most likely be the news so least we've got that down, what happens next will be up to the market makers and what sentiment is like up here.
☄️ I'm expecting some retracement as that's usually what happens after a big jump like this, I could be wrong but just my thought given past price action. Set some alerts for those horizontal levels if you'd like but if I may offer a cheers. It's good to see XRP continue to win both outside the legal system and within as they continue to push with their mission to bring XRP to the world's financial system.
☄️ Gotta go to the gym so I'm leaving this idea here for now but thanks for stopping by, really appreciate it and let me know thoughts on the dismissal, I've linked the article below for anyone interested. Thanks and have a great day, feel free to leave any likes or follows.
~ Rock '
https://cointelegraph.com/news/sec-dismiss-lawsuit-brad-garlinghouse-chris-larsen
☄️ Crazy to see how long we we're stuck sideways trading between 0.479 and 0.492 before getting that breakout with this news of the SEC announcing that the SEC will indeed seek to dismiss all claims against Ripple's CEO who is Brad Garlinghouse and it's executive chair Chris Larsen. Something to point out is that the filing doesn't state the SEC is dropping the main civil case against Ripple, just dismissing it's claims against Brad and Chris which in itself is still a huge win.
☄️ With the SEC's other cases against high profile figures in the crypto space, to see a dismissal in itself for Brad and Chris is a great victory for XRP proving even more that the lawsuit was unjust.
☄️ I don't need to do much TA today, after all, most of this move up has been thanks to the news and that's been what has sent us straight up breaking our horizontal levels, pulling us up to that 0.526 level where we already know we'll have some big resistance, especially considering the last time we we're up here was prior to our big fall.
☄️ After an impulsive move like this I wouldn't be surprised to see some healthy retracement, especially as we've overextended away from that 200 EMA granted we've regained the 200 which is great but we've distanced ourselves from it so naturally wouldn't be to surprised to see trading acting try and pull us back closer to that 200 EMA.
☄️ The rest of the market has followed XRP with Bitcoin and other crypto's marking some nice positive gains for the week with news of a possible Bitcoin ETF being on the horizon, such in itself would create a huge opportunity for crypto of course to expand and become more ingrained in the financial world as it already is doing day by day like Ripple continues to do.
☄️ TA Wise I'm watching for resistance below 0.52 and support above 0.514. That is basically the make or break it for the levels, below 0.514 and we'll likely retrace back a while but a break above 0.52-6 could put us in a position to regain even more of a percent though all in all, it's good to see XRP regain it's ground. We already figured in the past idea that what was gonna send us up would most likely be the news so least we've got that down, what happens next will be up to the market makers and what sentiment is like up here.
☄️ I'm expecting some retracement as that's usually what happens after a big jump like this, I could be wrong but just my thought given past price action. Set some alerts for those horizontal levels if you'd like but if I may offer a cheers. It's good to see XRP continue to win both outside the legal system and within as they continue to push with their mission to bring XRP to the world's financial system.
☄️ Gotta go to the gym so I'm leaving this idea here for now but thanks for stopping by, really appreciate it and let me know thoughts on the dismissal, I've linked the article below for anyone interested. Thanks and have a great day, feel free to leave any likes or follows.
~ Rock '
https://cointelegraph.com/news/sec-dismiss-lawsuit-brad-garlinghouse-chris-larsen