Ripple (XRP) - moving in triangle + SEC Conference On May 21st
Updated
XRP is consolidating in a big triangle for about a month now.
On May 21st, Ripple will have to get on a call with the SEC to submit legal documents.
Ripple has the power to break out technically with possible upcoming news to fuel the breakout.
Targets:
TP1 is at April's High (1) at around 1.98 USDT.
Second Measured Target is 2.83 USDT and is calculated using the pole of the symmetrical triangle.
(You could take partial profit at TP1 and trail your SL for the remaining position size to the Measured Target.)
The measured target of 2.83 USDT is also near the ATH of 2017-2018:
tradingview.com/x/8DL8ut5b.png
On May 21st, 2021 Ripple will have to present legal documents concerning legal advice it has gotten from the SEC.
A number of exchanges have terminated XRP trading since the lawsuits (like for example Coinbase delisted XRP due to the lawsuit).
A termination claim on these lawsuits might stimulate these exchanges to relist XRP and continue trading.
Ripple had plans to go public via an Intitial Public Offering (IPO) prior to the lawsuit and for as far as I know they didn't revoke those plans.
Maybe we'll see some news on this too in the future.
Check out this short article if you want to learn more about the upcoming conference:
https://investorplace.com/2021/05/ripple-crypto-news-the-may-21-date-that-xrp-investors-need-to-know/
Follow me if you'd like to see more content similar to this & thanks for reading! 👋
On May 21st, Ripple will have to get on a call with the SEC to submit legal documents.
Ripple has the power to break out technically with possible upcoming news to fuel the breakout.
Targets:
TP1 is at April's High (1) at around 1.98 USDT.
Second Measured Target is 2.83 USDT and is calculated using the pole of the symmetrical triangle.
(You could take partial profit at TP1 and trail your SL for the remaining position size to the Measured Target.)
The measured target of 2.83 USDT is also near the ATH of 2017-2018:
tradingview.com/x/8DL8ut5b.png
On May 21st, 2021 Ripple will have to present legal documents concerning legal advice it has gotten from the SEC.
A number of exchanges have terminated XRP trading since the lawsuits (like for example Coinbase delisted XRP due to the lawsuit).
A termination claim on these lawsuits might stimulate these exchanges to relist XRP and continue trading.
Ripple had plans to go public via an Intitial Public Offering (IPO) prior to the lawsuit and for as far as I know they didn't revoke those plans.
Maybe we'll see some news on this too in the future.
Check out this short article if you want to learn more about the upcoming conference:
https://investorplace.com/2021/05/ripple-crypto-news-the-may-21-date-that-xrp-investors-need-to-know/
Follow me if you'd like to see more content similar to this & thanks for reading! 👋
Order cancelled
Big selloff in crypto on news of China banning crypto. Marking TA as invalid.
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