Price of XRP in relation to news about SEC lawsuit.
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple ($XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.
📈Technicals
Fibonacci: XRP is trading just under the 0.5 retracement level.
RSI: Moving sideways at 52.52
MACD: Crossed over yesterday on the daily chart, closing above today will confirm cross-over.
Key S/R levels:
▶Current Patterns
XRP price is currently in the middle of a symmetrical triangle nearing the apex (converging on March 28th).
Breakout price movement = (triangle top)-(triangle bottom) = 0.65028 - 0.36500 = 0.28528
Breakout TP : ~0.4610 + 0.28528 = 0.74628
Breakdown TP : ~0.4610 - 0.28528 = 0.17572
📰Latest top stories:
Ripple vs. SEC court grants motions to dismiss and strike sets schedule.
Ripple expands in asia despite SEC lawsuit increasing odds for a 60% breakout.
Judge declines xrp investors attempt to become third party defendants in SEC case.
💖💖 If this chart gave you some insights or saved you some time, please consider donating. 💖💖
XRP: rHeyDwwhfHmAeg44gHeKNTRam8KLBQnqdy
ADA: addr1qxfrnkcp76re8apqs08r4de0563pajlsrj3yzq4f57nwmusd22psc2da45vkhn2apttaz89ym6rkchprur238k43xl5sldhkw8
DOGE: DKdp5cRSJi5DEkfxJai48GigZPFtBk8vK2
WINk: TVbwZzvxg7ozrAs4jT2FHpshGwMHxvGnoF
(Keeping this chart updated requires a lot of research, work and coffee. If you spot any news I've missed, feel free to DM me or comment below)
❗Disclaimer❗
I am no financial advisor, I merely maintain this chart for my private - and for the public - education and entertainment.
Do not take any of this as financial advice and always DO YOUR OWN RESEARCH.
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple ($XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.
📈Technicals
Fibonacci: XRP is trading just under the 0.5 retracement level.
RSI: Moving sideways at 52.52
MACD: Crossed over yesterday on the daily chart, closing above today will confirm cross-over.
Key S/R levels:
- 0.52155 - Strong resistance (0.618 fib)
- 0.48719 - Nearest resistance (0.500 fib)
- 0.44312 - Nearest support (long term trendline)
- 0.41830 - Stronger support (0.236 fib)
- 0.36500 - Lower support (0.000 fib)
▶Current Patterns
XRP price is currently in the middle of a symmetrical triangle nearing the apex (converging on March 28th).
Breakout price movement = (triangle top)-(triangle bottom) = 0.65028 - 0.36500 = 0.28528
Breakout TP : ~0.4610 + 0.28528 = 0.74628
Breakdown TP : ~0.4610 - 0.28528 = 0.17572
📰Latest top stories:
Ripple vs. SEC court grants motions to dismiss and strike sets schedule.
Ripple expands in asia despite SEC lawsuit increasing odds for a 60% breakout.
Judge declines xrp investors attempt to become third party defendants in SEC case.
💖💖 If this chart gave you some insights or saved you some time, please consider donating. 💖💖
XRP: rHeyDwwhfHmAeg44gHeKNTRam8KLBQnqdy
ADA: addr1qxfrnkcp76re8apqs08r4de0563pajlsrj3yzq4f57nwmusd22psc2da45vkhn2apttaz89ym6rkchprur238k43xl5sldhkw8
DOGE: DKdp5cRSJi5DEkfxJai48GigZPFtBk8vK2
WINk: TVbwZzvxg7ozrAs4jT2FHpshGwMHxvGnoF
(Keeping this chart updated requires a lot of research, work and coffee. If you spot any news I've missed, feel free to DM me or comment below)
❗Disclaimer❗
I am no financial advisor, I merely maintain this chart for my private - and for the public - education and entertainment.
Do not take any of this as financial advice and always DO YOUR OWN RESEARCH.
