From a fundamental standpoint, the Ripple vs. SEC lawsuit continues to act as a major overhang on XRP’s long-term valuation. However, with the SEC’s 60-day deadline approaching (June 16), a favorable outcome for Ripple could inject fresh confidence into the market. This coincides with a broader macro backdrop of rising global liquidity, which historically supports risk-on assets such as cryptocurrencies.
Technically, XRP is currently forming a classic bullish flag pattern on the higher timeframes—a continuation structure that often precedes strong upward moves. If price breaks above the flag’s resistance zone and enters a confirmed buy zone, a retest of the breakout area followed by bullish confirmation could signal the beginning of a larger move toward the $10 psychological level.
The alignment of a legal breakthrough, improving macro liquidity, and a bullish chart structure makes this a scenario worth watching closely.
Technically, XRP is currently forming a classic bullish flag pattern on the higher timeframes—a continuation structure that often precedes strong upward moves. If price breaks above the flag’s resistance zone and enters a confirmed buy zone, a retest of the breakout area followed by bullish confirmation could signal the beginning of a larger move toward the $10 psychological level.
The alignment of a legal breakthrough, improving macro liquidity, and a bullish chart structure makes this a scenario worth watching closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.