XRP DROPS 10%. IS IS STILL LOOKING BULLISH
The token looks good te recover as long as it reaches a bottom. Xrp price is recovering yet another rejection. It seemed like the price was breaking away from the $.052 resistance just to be smacked down to bellow the $0.49 price range. The price seems to be coming to the end of the fourth of five increasing waves. This gives a positive attitude and that could help the coin pass the $0.52 resistance area and reach $0.65 the next major resistance area.
WHAT IF IT FALLS BELOW SUPPORT
If the price has the desired outcome it will bounce back and reach fhe $0.65 price range easily. That will as serve as the top of the fifth wave. But if the price drops below the $.43 supprt it will probably drop down to about the $0.36 range.
THE SEC CASE STILL HANGING
Ripple have a strong deffence but it is still anyone's guess as to witch way this is going to go. With Ripple winning alot of the rulings is the case thier deffence seems to be focused on the fact that they were given any warning by the sec . Ripple winning the case will create a presedent and give alot of other currencies a strong deffence if the sec comes for them.
please remeber this is not financial advice and im not a financial advisor. Do your homework before investing and consulting a financial advisor is very important. This article is created for entertainment purposes only please do not take this as financial advice.
Thats all from me derbycuzxrp till next time
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