XRP, which was once among the top 3 cryptocurrencies but was shaken by the securities lawsuit filed, received very good news recently. U.S. Securities and Exchange Commission (SEC) Although the securities lawsuit filed by Ripple is still ongoing, Ripple has achieved a very critical victory.
It Might Not Be Time To Rally For XRP Price
XRP price, New York Southern District Court Judge Analisa Torres responded positively to the decision not to allow the “fair notice defense”. Despite this, a famous cryptocurrency analyst hinted that everything may not go as planned and that a significant resistance could get in the way of everything.
Cryptocurrency analyst Credible Crypto, in his statement to his 362,000 followers, stated that although a serious jump has been seen in the price of XRP recently, it is not ready for bulls.
This development is pretty great, but from a technical standpoint we are still below the local resistance zone at the moment.
So don’t FOMO anything from here. It would be best to wait for the price action to develop.”
It is seen that the level that the famous crypto money analyst stated as the local resistance point is $ 0.80. XRP price has now reached the level of $ 0.80, and breaking this resistance on a daily basis could change everything. It is seen that the target of XRP after $ 0.80 is $ 1.01.
Although there is positive news from the XRP case, the real development will start with several exchanges re-listing XRP and FOMO will show itself from here.