Expert identifies the option for XRP after a positive outcome of judicial examination of the SEC

Expert identifies the option for XRP after a positive outcome of judicial examination of the SEC

XRP - departure into new heights?

The cryptocurrency market is currently consolidated by the massive profits caused by the positive outcome of the judicial discussion between Ripple and the US stock exchange supervision Sec. But an expert has now identified the possibility of an outbreak at XRP.

The well-known crypto analyst Coinskid had already observed an interest bully reverse diagram pattern and a correction phase at XRP in July 2022. In a video on his YouTube channel, he explained in detail that he found a C wave pattern consisting of five waves.

Graphical representation of the price campaigns of XRP:

Source: Coinphony

whether XRP can actually meet the expectations of the analyst depends not only on the technical indicators, but also on other developments in Ripple and the XRP ecosystem as well as on the general atmosphere in the cryptocurrency market and in the macroeconomic landscape.

It remains exciting whether XRP creates the outbreak and climbs new heights. We will watch the further development.