Rally

Bitcoin

April

<p>The post <a href="https://coinpedia.org/news/xrp-poised-for-massive-surge-hints-3-key-indicators-signal-potential-rally/">XRP Poised For Massive Surge, Hints 3 Key Indicators Signal Potential Rally</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-preparing-for-april-22nd-as-supreme-court-showdown-looms/">Ripple-SEC legal showdown</a> nearing its end, the <a href="https://markets.coinpedia.org/xrp/">XRP</a> community is on edge. Recent court filings reveal a significant move by the U.S. Securities and Exchange Commission (SEC), urging a New York judge to impose a hefty fine of <a href="https://coinpedia.org/news/ripple-vs-sec-secs-1-95-billion-demand-and-xrps-potential-sell-off/">nearly $2 billion against Ripple Labs</a>. Meanwhile, Ripple Labs has until April 22, 2024, to respond, adding to the suspense surrounding the fate of XRP.</p> 
<p>Mickle, a prominent crypto YouTuber and market analyst, <a href="https://www.youtube.com/watch?v=7Uj0Rw5Yb68">has recently conducted analyses indicating</a> a potential shift in <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP’s price</a> trajectory. These analyses highlight three key indicators suggesting a surge in value for XRP.</p> 
<h2 class="wp-block-heading" id="h-3-key-indicators">3 Key Indicators</h2> 
<p>Crypto analyst Mickle has highlighted three significant indicators pointing towards a positive future for XRP following the resolution of the SEC lawsuit. Firstly, Mickle notes that XRP is currently undergoing a consolidation pattern, which historically precedes substantial price movements in cryptocurrencies.&nbsp;</p> 
<p>This pattern coinciding with the conclusion of the <a href="https://coinpedia.org/news/will-the-ripple-vs-sec-settlement-occur-in-the-next-24-hours-xrp-price-facing-the-heat/">Ripple vs. SEC case</a> suggests potential volatility and price appreciation for XRP. Despite a later drop, this spike showed how regulatory clarity affects XRP’s value.</p> 
<p>Also Read : <a href="https://coinpedia.org/news/crypto-vs-sec-what-if-the-sec-wins-the-potential-ripple-effects-on-crypto-markets/">Crypto vs SEC : What if the SEC Wins? The Potential Ripple Effects on Crypto Markets</a></p> 
<h2 class="wp-block-heading" id="h-weekly-bollinger-bands">Weekly Bollinger Bands</h2> 
<p>Secondly, Mickle draws attention to XRP’s Bollinger Bands on the weekly chart, which are indicating a squeeze. This phenomenon typically precedes significant price movements, and past instances have resulted in substantial rallies for XRP.&nbsp;</p> 
<p>Mickle referenced past occurrences in 2017 and 2020 where similar squeezes in XRP’s bands resulted in remarkable rallies, reaching up to 32,000% and 10,000% respectively. This suggests that XRP may be poised for a breakout shortly.</p> 
<h2 class="wp-block-heading" id="h-xrp-s-performance-against-bitcoin">XRP’s Performance Against Bitcoin</h2> 
<p>Lastly, Mickle points out XRP’s historical <a href="https://coinpedia.org/news/is-the-bitcoin-halving-a-buy-the-rumor-sell-the-news-moment-community-weighs-in/">performance against Bitcoin</a>. Historical charts reveal that XRP is entering a zone that has historically led to exponential surges against <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a>, a pattern observed multiple times in the last decade.</p> 
<p>Each instance of entering this zone has been preceded by a consolidation period against Bitcoin lasting approximately 60 to 70 days. Following this consolidation, XRP has consistently recorded significant gains in value compared to Bitcoin.</p> 
<p>Read More : <a href="https://coinpedia.org/news/ripple-vs-sec-settlement-unlikely-as-sec-demands-2-billion-penalty/">Ripple vs SEC Settlement Unlikely as SEC Demands $2 Billion Penalty; What Next?</a></p> 
<p>Overall, these indicators suggest a potentially bullish outlook for XRP post-SEC lawsuit, with the possibility of significant price appreciation once regulatory clarity is achieved.</p> 
<p>The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion fine against Ripple Labs, according to court filings.</p> 
<p>Stuart Alderoty, Ripple Labs’ chief legal officer, criticized the SEC and wrote that the company will file its response to the SEC’s motion next month. The SEC filing said that the “Defendant’s response shall be filed no later than April 22, 2024.”</p>

XRP Poised For Massive Surge, Hints 3 Key Indicators Signal Potential Rally

Table of Contents

CoinPedia News

Other articles published on Apr 18, 2024

Tether Expands Beyond USDT with Four New Divisions

Top 3 Altcoins To Watch As Hong Kong Greenlights Ethereum and Bitcoin ETFs

December 2020 Bitcoin Patterns Reoccur; Last Chance to Buy Altcoins with Huge Discount

Is Gary Gensler Resigning? Here’s What Gensler Cryptic Tweet Suggest

BTC price bounces at support that fueled 2023 bull market

Bitcoin Analyst Kevin Svenson Shares Optimistic Outlook

Join our free newsletter for daily crypto updates!