XRPUSD is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks.... The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost!
This is a positive outcome for Ripple, the industry.
Ripple is only fined $125 million instead of $2 billion.
The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27%
Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300.
Resistance levels: 0.6378, 0.7440
Support levels: 0.5663, MA-50
Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance.
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Regards R. Linda!
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🌹TRADING is a CASINO💔!?
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(don't copy, click on the links!)
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🔴Contact: t.me/RLindaSignals
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Disclaimer
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