So, guess what? XRP has decided to throw a little party and has jumped nearly 30% in the last two weeks! 🎉 It’s like that friend who shows up to the party after being MIA since February. Where have you been, XRP? Hiding under a rock?
But hold your horses! This recovery is doing a little dance with a symmetrical triangle pattern. Yes, you heard that right! A triangle! Because why not? If XRP decides to break out of this geometric prison, we could be looking at a price surge of up to 75%! That’s right, folks, $4.35 by June! 🤑
Right now, XRP is just chilling near the bottom line of that triangle, aiming for a modest $2.35 by April. But if it decides to take a nosedive below the lower trendline, we might be looking at a sad little price of $1.28. 😬
And why the sudden spike, you ask? Well, the SEC finally decided to drop its appeal against Ripple on March 19. After three long years of legal drama, investors are finally feeling a bit more optimistic. It’s like the sun came out after a long, dreary winter! 🌞
Traders wasted no time, and just two days later, XRP jumped 7.85% to hit $2.41. Talk about a quick rebound! And let’s not forget Bitnomial, the crypto exchange that decided to drop its lawsuit against the SEC and launched the first CFTC-approved XRP futures in the U.S. Because who doesn’t love a good futures bet? It’s like gambling, but with more spreadsheets! 📈
But hold on! Before you start throwing your money around, Ripple isn’t out of the woods yet. Judge Analisa Torres issued an injunction in April 2024, stopping Ripple from selling XRP directly to big investors like banks. Oops! 😬
Crypto lawyer John Deaton chimed in, saying this could really slow Ripple down. “If Ripple wants to sell XRP to banks, this injunction is a big issue,” he said. So, Ripple, time to get creative if you want to keep expanding! 🎨
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2025-03-21 18:45