XRP is heavily Pumping? Why is that everything you need to Know

Since the decline in BTC and whole crypto market cap XRP is heavily Pumping and almost touched $0.55 it's over 50% change in Price in last 7 days.

Well, I'm pretty much sure you might be wondering

Why XRP is pumping and How much more potential it Has?

We all know Since 2020 After SEC Lawsuit against Ripple co-founder and Ripple Labs XRP to token lost almost lost more than 100% of its value going from over $1 to $0.0043 which is it's All-time low. But after that we saw some ups and downs but it for last few months XRP was trading Below $0.40, however things changed after the 18th September 2022, as the Ripple Labs filed a motion for summary Judgment that involves the law court to make final decision based on the facts provided over-time.

CDC a U.S based crypto advocacy group has also been granted the approval from the Southern District of New York Court to Participate as curiae in the SEC case against Ripple and provide more in-depth information on this Case.

After this many investors and Experts believes that XRP is in better position to win this case. This is one of the main reasons why We saw a huge progress in XRP price over the past few days.

Jeff Sekinger on this News said that "From the Update of the case, it sounds like it's in favour of Ripple Labs. Well this is what everyone is thinking and that's why we saw a huge volume coming to XRP market cap in last few days.

Now let's move to our Final Part of this Article that is

My Opinion on XRP Future Potential both Long and Short Term

First of all I want to make sure these are not financial advices and I'm not a crypto expert but a learner. Below given statement are my own thoughts and are only for learning Purpose. I won't be Responsible for any Profit or loss. So do your own research and don't follow blindly.

Let's First take a look at this 4-hour time Frame Chart that I created for you so You guys can easily Understand.

As you can see in the 4-hour Chart XRP/USDT Pair once touched almost $0.55 but then a Small correction occurs and currently is touching 12 EMA Support level. We might see a bounce back from this level but I'm expecting it to touch Major Support level of $0.4489. If XRP touched this Major Support level I'm expecting a Good bounce back and if we got a good Volume we might be touching next resistance level that is around $0.666

Well, this Resistance can be your short Term Take Profit Area as a small correction will happen after touching this level. In Case if we saw a Huge Dump in the market like BTC touching $17500 or maybe $16000 then there is possibility that XRP might also go down then $0.43

If it happens then as you can see in the 4-hour chart Our Next Support level is on $0.3815

I hope you know would have got the idea of What are take profit, Resistance and Supports levels for XRP are. That's all for Now

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