If we look at the weekly chart we can see price being squeezed into a flag pattern. Looking for an entry around 0.80p. Here we have confluence of 3 thrings. Strong weekly support zone at 0.80p, the ascending trend line into that 0.80p zone and thirdly support coming in from the weekly 50SMA.
This is a long term trade, If the lawsuit comes in mid next year and XRP win, we could be looking at a 2 to 3x from current value. XRP has been building partnerships in the backdrop of the lawsuit so I believe if they come through the price will breakout of the flag pattern and surpass previous ATH.
This is a long term trade, If the lawsuit comes in mid next year and XRP win, we could be looking at a 2 to 3x from current value. XRP has been building partnerships in the backdrop of the lawsuit so I believe if they come through the price will breakout of the flag pattern and surpass previous ATH.