Ripple (XRP) traders are awaiting the final ruling in the US Securities and Exchange Commission (SEC) lawsuit against the payment remittance firm.
Ripple could see the end of its lawsuit with the Securities and Exchange Commission soon, per recent reports. An analyst predicts XRP rally to $17 through the Bent Fork chart, a bullish thesis for the altcoin. XRP traders at $0.44 on Wednesday, adding nearly 2% value on the day. Ripple traders are awaiting the final ruling in the US Securities and Exchange Commission lawsuit against the payment remittance firm.
The analyst introduced the chart with key resistances at $1, a psychological hurdle, and $3.5, the asset’s all-time high. The analyst introduced the target for the first time in 2023 with four tracks, A) Major Historical Support B) Ranging Zone C) Mid-Cycle Top D) Cycle Top The analyst considers the track D is the one that the altcoin is most likely to reach, with a slight variation. The target has been increased from $15 in 2023 to $17 in the latest update.
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