Hey, guys.
A quick update on XRP.
As I said in the last review, the rumors about the resolution of the court case that was supposed to happen at the July 25th meeting turned out to be nothing more than rumors. And as we predicted in case there is no directional FUD negative or positive, the instrument will continue to trade in the range for a simple reason, bitcoin and ethereum and the rest of the market is experiencing a positive mood.
At the moment, the price is still at the resistance of 0.63-0.65$, you can see that the volumes have decreased in the clusters. While the instrument is in the ascending momentum there are chances that the price will play back the flag pattern in this case the targets are around 0.9$. Supports are still at 0.55 and 0.5$.
There are some big transactions on whale alert service, but I don't see anything super important yet.
Probably you noticed that Ripple marketing team is again hyping FUD about SEC meeting this time on August 1, again with no basis and no confirmation, and numerous accounts are drawing forecasts and arrows to the sky with exorbitant predictions from $10 to $10,000 for 1 XRP, honestly it's ridiculous. Know how to separate the grain from the chaff.
Stay tuned.
