Why did XRP rise?
After being silent for so long, there is finally movement!
What is the possible reason for XRP's rise?
Chart analyst Matt Hughes said that XRP is now experiencing a Bollinger squeeze that is rare in history and even in the entire market. Simply put, this squeeze may mean that the price is about to move.
Moreover, the price fluctuation of XRP also coincides with an important anniversary, which makes it even more meaningful. Today is the first anniversary of Ripple's victory in the lawsuit against the U.S. Securities and Exchange Commission (SEC). On July 13 last year, the court said that selling XRP on exchanges, as well as managers, developers, charities and employees selling and issuing XRP, are not securities.
It has been a year, and now everyone thinks that the two sides may soon reach an agreement, or the court will soon give a conclusion. There is such a saying, although it is just a guess, but it also makes XRP rise.
That is, some people guess that the SEC may talk about Ripple in a closed-door meeting next Thursday. This news spread quickly on social media.
Last month, the SEC reduced the $2 billion they wanted Ripple to pay to a maximum of $102 million, hoping to find a settlement.
But Ripple was only willing to pay $10 million.
Another big thing, the Chicago Mercantile Exchange (CME), one of the world's largest futures and options exchanges, said on Thursday that they would start providing reference exchange rates and real-time indices for XRP. This may be the first step in making new products for XRP trading.
At this stage of the market, if you cut your losses, you will be a little unwilling. If you hold on, you will worry that it will continue to fall. If you buy at the bottom, you will be afraid of buying halfway up the mountain. If you don't buy at the bottom, you will be afraid of missing the opportunity to get on the train. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!
