Following the legal standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, which ended with a favorable outcome for the cryptocurrency industry, the token at the center of the lawsuit, XRP, has soared, and one expert believes it might continue its gains.
As it happens, XRP had briefly reached a price target of $0.82 before pulling back below this threshold, and crypto analyst CoinsKid has explained the technical analysis (TA) behind this, comparing the current situation to that in 2020, as he explained in a video on his YouTube channel streamed on July 17.
XRP price action analysis and prediction. Source: CoinsKid
Buy the ‘blood’
Indeed, the expert has stressed the possibility of the XRP token going through a pullback and coming back to a support level before potentially making another upward move, as it did in 2020, advising his followers to buy during pullbacks instead of the big green candlestick movements.
“What you want to
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