XRP price has maintained acute strength throughout the crypto market’s turmoils, displaying immense strength.
The upper hand gained in the lawsuit against the SEC could have been the catalyst for the XRP price growth in the coming days
Since the XRP price has been confident in resuming the bullish trend, the bulls have kept the price above the support levels. The sentiments turned extremely bullish after the SEC’s arguments against LBRY were scrapped labeling the token as ‘not secure’. Since then the XRPArmy has hopes for a similar outcome in the case of the Ripple vs SEC case – which has fueled the price to a large extent.
The price after a couple of bearish daily closes found a base to trigger a rebound. The XRP price is currently testing one of the important levels at a 50-day MA and attempting a rebound. However, the crypto is flashing an extremely bullish indicator, observed by a well-known analyst anonymous called Dark Defender who predicts XRP price to trade between $13 to $22 soon.
“ XRP is following our path in smaller time frames like 4-hour, which we called C Wave towards $0.3762 (done) & $0.3602.
Wave Trend indication in the monthly time frame is close to the same area where the XRP bullrun started in Jan-2017 & Jun-2020.
Road to $13-$22!”
The analyst here points out the monthly MACD wave which is turning bullish. Previously, when the MACD turned bullish in October 2020, the token underwent a bull run and spiked by more than 900% to mark highs close to $2. Moreover, the price is trading along the lower ascending trend line based on which the impending 10x to 15x rally may land the XRP price beyond a double-digit figure in the near future.
Source: https://coinpedia.org/price-analysis/xrp-bull-run-triggered-price-to-form-new-ath-above-10-soon/