- Ripple is confident that XRP would be used by US banks for cross-border transactions.
- The analyst states that XRP is reciprocating its fluctuation during 2014-2017.
- XRP shows symptoms of another spike could hit $0.85.
After the resounding partial win with the U.S. Securities and Exchange Commission (SEC), Ripple is confident that the US banks will use XRP for cross-border transactions. The triumph over the long-lagging lawsuit came with Judge Analisa Torres of the Southern District of New York giving a watershed ruling which explained that XRP itself is “not necessarily a security on its face.”
Also Read: XRP Price Prediction
From the very moment that Torres gave out this verdict, XRP has been rising. During the past week, XRP gained more than 55% in value, and at press time it is worth $0.731. Moreover, Crypto Youtuber and technical analyst Crypto Rover tweeted that XRP was reciprocating its behavior from 2014-2017 in the 2021-2024 timeframe.
$XRP HISTORY REPEATING! pic.twitter.com/MWiLdOchyb— Crypto Rover (@rovercrc) July 16, 2023
When closely considering XRP’s behavior in the 2014-2017 time frame, it could be seen making consecutive lower highs…
The post XRP Replicates Bullish Symmetrical Triangle Pattern, Will it Surge? appeared first on Coin Edition.
The post XRP Replicates Bullish Symmetrical Triangle Pattern, Will it Surge? appeared first on Coin Edition.