XRP is on the uptrend, after being resisted at 63 cents on February 13th. It has fallen for three consecutive days, dropping to 50 cents.
Around 50 cents the uptrend line, horizon, and 20MA are overlapping. The environment is easy to support.
The moving average also has a golden cross, it is considered to be the beginning of a long-term uptrend.
The proceedings between Ripple and the SEC are still uncertain, technically, I feel a strong momentum.
With a long-term view of 75 cents in the short term and $1.0 in the medium term This is the phase I want to go strong.
On the other hand, if it breaks below the trend line and breaks below 44 cents because it is expected to be a very pessimistic market development, I think that this should be set as a loss cut line.