XRP Targets New All-Time Highs After Surviving SEC Slaughter

XRP Targets New All-Time Highs After Surviving SEC Slaughter

XRP is now trading at $1 or more, even despite the parent company Ripple still being locked in a legal battle with the United States Securities and Exchange Commission.

Not only does the recent pump prove the power of borderless cryptocurrencies, but it takes the token to a key technical level that if broken, should target a new all-time high well above the former peak at more than $3 each.

XRP Pumps Beyond $1, But Could Climb To New All-Time Highs

Investors in the United States are likely livid right now with the Securities and Exchange Commission’s decision to pursue legal action against XRP parent company Ripple and its executives.

The SEC deemed the token an unregistered security, and exchanges in the country were forced to delist XRP immediately. An expected selloff resulted from a large share of investors stuck cashing out their bags – otherwise strong hands forced by the government that is supposed to be protecting them.

Related Reading | Charted: Ripple Skyrockets, Why Break Above $1 Seems Likely

Regardless of the legal implications for Ripple, the borderless design of cryptocurrency technology and lack of alignment with any single country, has allowed XRP to live on – now thriving as it makes a sharp recovery to more than $1 per XRP.

Ripple Rocket Is Ready For Liftoff, With Or Without An SEC Decision

The last time that XRP rocketed to $1, it didn’t stop there. The how to buy the top, and investors have been waiting ever since for a recovery.

Related Reading | XRP Leads Top Ten, Is The SEC Lawsuit Against Ripple Dead?

The recovery could be here now that the Bollinger Bands have fallen literally off the chart with volatility. The expansion comes after a lengthy and exceptionally tight “squeeze” of the bands, which should result in an even more powerful move to the upside.

xrp ripple bollinger bands stochastic

Based on the measure rule and bullish technical, Ripple could rip to $7 | Source: XRPUSD on TradingView.com

In the past, XRP has beaten all expectations. A modest target based on the measure rule alone, could project the the SEC has done serious damage to US investors by forcing them to miss out on what could be life-changing wealth.

Featured image from Pixabay, Charts from TradingView.com

Published at Wed, 07 Apr 2021 01:00:21 +0000

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.