Ripple ( XRP) and SECWhile the lawsuit between the two is expected to be concluded this year, XRPmaximalists began to whistle the bull.
Cryptocurrency market 2023 started in light of new hopes and new expectations. having a tough time 2022 After the year, analysis started coming from many crypto analysts one after another. The majority thinks that this year will be promising and that recovery is possible. Ripple became one of the most curious crypto projects this year. Millions of investors Rippleand SECpending the conclusion of the case. RippleDescribed as the year of victory 2023‘also, XRPprice also began to whistle the bull.
Ripple Case, Ripple Enhancements and XRP Price
Late last year, Ripple ( XRP), came to the fore with important developments. Purse, networkand DAppThe project, which draws attention with its development XRPThe fate of the price was a matter of curiosity.
Rippleand SEC The litigation between them started to get complicated. The global crypto market is a possible Rippleseeing your victory, SECdoes not intend to give up. SEC, RippleHe wants to get a penalty and be seen as a security.
A few SECIt is certain that the document will appear there and that it will be used in court. Ripple seen as a victory. However, several lawyers argued that this document was not important enough to affect the case.
Great debut and bitcoineven shown as a competitor to Ripple has not been able to throw off the negative soil on it for years. Another reason for this is XRPadverse weather conditions prevailed. XRP, $3.5from a near level 0.35fell to the dollar.
However, this year Ripple It is claimed that it will be a year in which things will get better and the rise can begin. With the victory of the case, many crypto analysts XRPA bull run awaits on its side. Bitboynicknamed Ben Armstrong, Ripplewill win the case and SECHe claimed that the president would resign.
Looking at the latest developments, SEC If the documents hidden by ‘s do not work, the course of the case may change. Again Rippleparty loses the case USA He stated that he will leave the company and continue his services. However SEClosing and Ripple‘s win could start a new cycle in the cryptocurrency market.
XRP Chart Analysis Will XRP Price Pull On The Bulls?
Many Twitter users XRPof the price 2023 He claimed to be revived in the next year. Especially the maximalists. XRP He believes that it will reach its highest peak. a possible XRPpeak, it could make other cryptocurrencies start their bull run as well.
However, current XRP Looking at the situation, the price and the chart need to be interesting and convince the bulls. In the crypto market, which is still in a bear cycle, XRP There was not enough interest and investment in . Realistically speaking, it has a market capitalization of billions of dollars. XRPThings won’t be easy for him.
Also, something happened tonight. Ripplealarmed investors. XRP, suffered strong selling pressure during the closing hours and for 0.3 dollars threw a needle. After this shocking event, the price returned to its previous level with a ravenous buying. Many people use this situation, unlocked 1 billionnumber XRPIt depends on the circulation.
However, from a general perspective, XRP It seems that the price is in the very bottom region. For years XRP A user who made the investment evaluated this price as very cheap. However terracrisis and FTXIts bankruptcy revealed that no cryptocurrency is guaranteed.
It can be said that the most important factor that can trigger the XRP price is the ongoing lawsuit with the SEC. If there is a Ripple victory as a result of this lawsuit, there may be volatility for XRP in a short time. This situation, which is described as the logic of “buy the news, sell the expectation”, may be in the eyes of the bulls. If the bulls aren’t interested, there could be a failed move at the end of the volatility.
Seen from the other side XRP, for a possible bull run 1.5 dollarsand 2 dollarsit will have to break the resistance points that are solid as a rock.
Graphically, XRP, which is in the bottom zone, started to whistle the bulls. Support and resistance points are also important for XRP in the crypto market, which revolves around the logic of buy-sell rather than long-term.
XRP, $0.3675 If it breaks the resistance point at the level, it can back the rise. Breaking this resistance XRPof 0.3950 It can enable it to focus on the resistance point at the dollar level. Breaking these resistances and continuing the uptrend needs the support of the bulls. Finally XRP, the strongest resistance point in the short to 0.5 can be fitted. At this level, if the resistance of the bears outweighs, the pullback comes to the fore.
wanting to break the resistance points XRPexpectations in social media and SEC started whistling the bulls in light of his case. If the bulls SECHe’s waiting to be sure that ‘s will lose.
On the other hand, considering the decline scenario, at night hours for 0.3 dollars The needle that provides the fall draws attention. This point XRP It has become an important level of support for a possible XRPin the fall, your 0.3 dollar may need protection. If this level is broken XRP, 0.285It can go down to $.
As a result, XRPdreams and expectations are on the table. SECwith RippleAnalysts, who said that the case between XRPof 2023 He claims it will mark the year. Many crypto investors believe that the next bull cycle XRP thinks it will sprout. However, from a graphic point of view, XRPThe bulls need to whistle more.