Just a quick update on XRP.
I guess you already know that the price on the chart is being pushed by rumors about the SEC meeting to be held on July 25, and that it may be a possible settlement of the court case between Ripple Labs and the SEC.
This is just a rumor and there was no confirmation of it in the official statements of both sides, but there are certainly chances.
Now let's go back to the chart, as we predicted the price stuck to the range of 0.55 -0.63 and is trading under resistance, forming a tightening with rising highs.
Three scenarios.
1. Negative
No new results and no movement in the court case after the SEC meeting, disappointment and the instrument plummets towards the 0.5 zone.
2. Positive
News or hints of the court case resolution, euphoria and upward triangle breakout, momentum to the 0.75-0.8 zone (or higher is hard to predict).
3. Neutral
The price will remain sideways for some time, continuing to trade in the range of 0.5-0.63.
Let me remind you that the story with the SEC court case against Ripple has been going on for more than 4 x years.
Stay tuned.
