According to widespread trader and analyst Credible Crypto, XRP is setting the stage for a massive outbreak.
In a new tweet, the crypto strategist tells his 142,700 followers that he believes Ripple’s original capital is gaining momentum from both a fundamental and a technical standpoint.
“XRP curl up like one on the chart HBAR-barian (Hedera Hashgraph), Ripple, who is putting pressure on the US Securities and Exchange Commission (SEC) in the lawsuit, and some very valid reasons why XRP should (and could) be re-listed by major US exchanges. A massive pump is on the horizon. I hope you are ready to be a part of it. “
Last week, the SEC sent a letter to U.S. District Judge Analisa Torres of New York’s Southern District to oppose the intervention of XRP owners in their lawsuit against Ripple.
According to Credible Crypto, due to Ripple’s legal troubles showing signs of cooling, XRP can skyrocket from its current price of $ 0.54 to $ 4.32 and generate 700% profits if it trails in the footsteps of Hedera Hashgraph follows.
“XRP is really starting to look like this HBAR done before it ran 8x … We have a possible breakout in our consolidation pattern. When HBAR broke out the same way it did two months ago at around $ 0.05 … We are in resistance but that could be big if we get over it. “
In the near future, the trader expects XRP to break down resistance around $ 0.56 and trigger a rally that can send the seventh largest crypto asset above $ 0.70.
“I have marked this resistance level here in RED. Note that we ultimately refused, but now we’ve bounced back and attacked again. I’m pretty hopeful we’ll break it soon. “
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