XRP | Ripple Rose +17% On New SEC Lawsuit Developments -NEXT?

XRP | Ripple Rose +17% On New SEC Lawsuit Developments -NEXT?

Ripple Labs scores a big victory as Judge Torres orders the SEC to turn over documents
from a 2018 speech given by William Hinman, then SEC Director of the SEC’s Corporate Finance Division
This decision comes after a long battle that could decide the fate of many cryptocurrencies. - (source cryptosnewss)

Technical analysis:
After the price created a new high near 0.5590 the price pulled back by
correcting approximately 50% of the bullish movement that began September 6, 2022.

This deep correction was stoped from the support area and also a very strong structure near 0.4100.

As we can see the bounce was very strong by showing also that the buyers were well positioned to add
on their long positioned at near that zone

On the 4-hour chart, that price completed a very beautiful bullish triangle pattern and the news related to
SEC is supporting this crypto double this time.

Targets are still the same:
🎯 0.59567
🎯 0.70017
🎯 0.88119

Thank you and Good Luck!


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