Ripple’s Partial Victory at the SEC Results in 90% Increase in XRP Price! XRP Break $1?

Ripple‘s partial victory in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) on July 13, which has been ongoing for over 2.5 years, resulted in a 90% increase in XRP. During the rally, the price of XRP surpassed an important supply zone near $0.9118 and reached as high as $0.938. However, selling pressure and exhausted bullish momentum caused the rally to come to a halt. XRP Price Analysis After bouncing back from the resistance at $0.9118, the XRP price entered a correction mode and dropped by 25% to retest its support at $0.685. This pullback can be considered as a result of short-term investors taking profits. At the time of writing, XRP is trading at $0.723, and candlestick formations indicating a reversal in the downtrend reflect that the price can stay above the $0.685 support. This horizontal level aligns with the 38.2% retracement level of the Fibonacci […] The post Ripple’s Partial Victory at the SEC Results in 90% Increase in XRP Price! XRP Break $1? appeared first on COINTURK NEWS.