CandleFocus Expert Says SEC Appeal is a Sell Trap, Predicts XRP to $4.23
2024-10-04
Author: Content Editor
Market expert Bobby A believes that the recent appeal notice from the SEC is not a sign of prolonged price depreciation for XRP. Despite a 10% correction following the notice, Bobby A argues that the macro charts remain bullish. He cites historical events, such as XRP's significant appreciation in 2020 despite regulatory uncertainty, to support his assertion. Bobby A also points to a bullish technical analysis that could propel XRP's price by 803% to $4.23 per coin. He mentions XRP's legal clarity, real-world utility, stablecoin, and potential for an upcoming ETF as further bullish factors. He also suggests that the outcome of the US presidential election could affect the legal tussle between Ripple and the SEC. XRP is currently trading at $0.5237.
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