XRP has experienced a bullish momentum after its parent company, Ripple, won the high-profile case against the United States Securities and Exchange Commission (SEC), resulting in the token being declared not a security.
Following the ruling, attention has shifted to how the partial regulatory clarity can influence the future price movement of XRP. At the moment, speculation has turned on how far XRP can surge after the case that acted as an overhang regarding the token’s valuation.
In this scenario, crypto trading analyst Michaël van de Poppe tweeted on July 14, suggesting that XRP could potentially make a ‘mega move’ if it surpasses key price ranges. The analyst expressed interest in monitoring the price range between $0.65 and $0.69.
“Mega move, for scalps I’d be interested in the ranges of $0.65-0.69 on this one. If that sweeps happens, probably we’ll have a new leg up after,” he said.
XRP price analysis chart. Source: TradingView
Impact of SEC case
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