Strong Bullishe course reaction: XRP reaches a new annual high after a positive court decision

Von Krypto News Österreich

Bullish: Ripple-Kurs steigt um mehr als 35 Prozent und erreicht Jahreshoch Der Ripple-Kurs erlebte vor kurzem einen starken bullishen Ausbruch und stieg innerhalb weniger Minuten um mehr als 35 Prozent. Damit erreichte der Kurs ein neues Jahreshoch knapp unter dem wichtigen Widerstand bei 0,643 US-Dollar. Auch der gesamte Kryptomarkt reagierte mit deutlichen Gewinnen auf diese Entwicklung. Der Grund für den Kursanstieg liegt in einer aktuellen Gerichtsentscheidung, laut der der Verkauf von Ripple an Benutzer über zentrale Kryptobörsen nicht als Verkauf von unregistrierten Wertpapieren gilt, solange er nicht über Initial Coin Offerings (ICO), Initial Exchange Offerings (IEO) oder Launchpads erfolgt. Ripple-CEO …
Bullish: Ripple course increases by more than 35 percent and reached the ripple course recently experienced a strong bullish outbreak and rose by more than 35 percent within a few minutes. The course thus achieved a new annual high just below the important resistance at $ 0.643. The entire cryptom market also reacted to this development with significant profits. The reason for the price increase lies in a current court decision, according to which the sale of ripple to users via central crypto bonds is not the sale of unregistered securities, as long as it is not initially coin offer (ICO), initially Exchange Offerings (IEO) or launch pads. Ripple CEO ... (Symbolbild/KNAT)

Bullish: Ripple course increases by more than 35 percent and reaches annual high

The ripple course recently experienced a strong Bullish outbreak and rose by more than 35 percent within a few minutes. The course thus achieved a new annual high just below the important resistance at $ 0.643. The entire cryptom market also reacted to this development with significant profits. The reason for the price increase lies in a current court decision, according to which the sale of ripple to users via central crypto bonds is not the sale of unregistered securities, as long as it is not initially coin offer (ICO), initially Exchange Offerings (IEO) or launch pads. Ripple CEO Garlinghouse welcomed this decision and expressed his relief about it on Twitter. Together with positive news about new partnerships and a company takeover in Switzerland as well as top values ​​for network activity, this is another positive message for Ripple and the entire cryptom market.

View of the chart: Bullish course targets for Ripple

From a chart -technical point of view, Ripple has now left the sideways phase lasting several weeks and has taken a lot of speed up with a bullish outbreak. All resistors such as the EMA50 at $ 0.479 and the super trend in the blue resistance area were literally powdered. Now the ripple course above the orange resistance zone has to stabilize by $ 0.599 in order to release further pretends to the north.

Bullishe price targets for ripple in the next few weeks are: 0.546 USD, 0.585/0.599 USD, 0.644 USD, 0.696 USD, 0.752/0.780 USD, 0.860/0.898 USD, 0.944/1.004 USD, 1.20/1.35 USD. If the buyer warehouse can stabilize the XRP course above the $ 0.546 brand and ideally also remain between $ 0.585 and $ 0.599 above the orange resistance zone, the upward movement can gain strength. In this case, the ripple course could even reach the high from May 2022 at $ 0.644 and then continue to increase at $ 0.696 to the horizontal resistance. The initial profit treatment could take place here. Only when this area is overcome is there a possibility that the Ripple course will continue to get riding and its previous year's highs are targeting between $ 0.860 and $ 0.898. Another possible price increase could lead the ripple course into the target zone between $ 0.944 and $ 1.002.

Bearish course targets for ripple

On the other hand, there are also Bearish course goals for Ripple. These are: 0.458/0.447 USD, 0.420, 0.401/0.384 USD, 0.359/0.348 USD, 0.332 USD, 0.314/0.287. So far, bears have been able to ward off all bullish trial trials, but they lacked the strength for sustainable sale under the massive green support sector. Only when the ripple course falls below the $ 0.447 mark will the first price target be activated at $ 0.420. If this area is also undercut, the yellow support zone is between $ 0.401 and $ 0.384 in the focus of the investors. A deeper deep would form and represent a Bearish indication. If the downward trend is reinforced and this area is broken, a further sale in the direction of the course depth from March can be expected at $ 0.359. This could achieve the medium -term focus area. Only when the overall market also becomes weaker will the chances for a sustainable sale towards the turquoise zone increase at $ 0.332. If no price stabilization occurs here either, the ripple course could fall between $ 0.314 and $ 0.287 by the key support of the past twelve months.

View of the indicators

The indicators, RSI and MacD, are currently not given any clear signals in the daily type. The MacD moves sideways below the 0-line and shows no clear tendency. The RSI has fought back into the neutral zone between 45 and 55 in the last few days, but shows no dynamic impulse movement.

final comments

The price estimates in this article do not represent purchase or sales recommendations, but are just an assessment of the analyst. The chart pictures were created using TradingView. At the editorial deadline, the USD/EUR course was 0.89 euros.