"Simplicity is the ultimate sophistication."-Leonardo Da Vinci-
XRP/USD
- With XRP holding previous support levels at 0.21$ we are looking primed for more volatility in the next couple of days.
- Although we have had some sort of bounce at Weekly Support of 0.21$ we are still not in the clear to retest resistances at 0.45$. If no good news come for XRP and RIPPLE the company, expect a big drop in price to previous resistance levels at 0.21$ and 0.19$ or to even lower levels, potentially down to 0.10$.
- Given the current development of the ongoing case against RIPPLE the company we should be very careful when investing in XRP due to the ongoing legal case and its potential to push XRP down before eventually settling to some good news.
- If we can withstand all this pressure and still hold the previous support levels we can expect a big push of XRP towards 0.45$ or even 0.65$ in the coming weeks.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
Chad trader from ClearThoughtCrypto
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I was thinking along the same lines. On top of that if the SEC hearing ends in Ripple's favor the price should go through the roof. Also, if the SEC hearing ends with a monetary fine it will shed legitimacy on the project and again should green light it for future speculation. My understanding is they were already offered a settlement fine but refused to pay because they feel they're in the right.
True! Thank you for your comment, really fun times to watch RIPPLE getting sued on the last day of SEC chairman. I am leaning towards a bullish move for XRP in the long run for sure, XRP delivers instant payments without fees, something truly remarkable.
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It's a great project for sure. I hope it all works out in the long run.
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