Top market analyst Bobby A argues that the SEC's recent appeal is nothing more than a sell trap, with the XRP macro chart still pointing toward a bullish breakout. Here’s why you should keep an eye on XRP and what’s coming next:

📉 XRP's Recent Correction 📉

🔻 XRP saw a 10% drop after the SEC’s appeal notice on the October 2 court ruling.

🧑‍⚖️ Judge Torres ruled in favor of XRP, and the market responded with sell-the-news action.

📊 Historical Performance Proves XRP's Resilience 📊

📈 In 2020, XRP surged 1,772% from $0.11 to $1.95 despite facing the SEC lawsuit.

Bobby A emphasized that XRPETH and XRPBTC charts still look strong, signaling the worst is behind us.

⚡ Technical Analysis Signals Explosive Growth ⚡

🚀 Bobby A forecasts an 803% price surge, bringing XRP to $4.23 based on technical analysis.

📅 Monthly chart shows XRP has been building a macro base since 2017, with a pattern similar to the 2016-2017 bull cycle.

📊 Indicators like the moving average and Bollinger Bands suggest XRP is “tightly wound”, ready for a significant move upward.

💡 Fundamental Factors Fueling Bullish Sentiment 💡

✅ Legal clarity for XRP as the SEC does not dispute its non-security status.

💰 Real-world utility: Ripple continues using XRP for transactional settlements.

🪙 Stablecoin launching on the XRP Ledger in weeks to boost utility.

📈 Potential for an XRP ETF: Bitwise filed for an ETF with the SEC, further boosting investor interest.

🗳️ Could Trump’s Victory Boost XRP Further? 🗳️

Bobby A notes that if Donald Trump wins the 2024 election, SEC Chair Gary Gensler could step down, paving the way for regulatory clarity and removing the SEC’s pressure on XRP.

💡 What Does This Mean for Investors? 💡

💥 XRP remains bullish despite recent SEC actions, with a potential to hit $4.23 in the coming cycle.

🚨 Don’t let sell-the-news sentiment make you miss out on a golden opportunity!

📉 Current Price: $0.5237 (down 1.72% in the past 24 hours).

🚨 Disclaimer:

This post is for informational purposes only and does not constitute financial advice. Always do your own research!

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