The post Pundit Sets Timeline for XRP Price Pump Based on End Date for Ripple v SEC Case appeared on BitcoinEthereumNews.com.

An XRP community commentator sets a timeline for XRP to experience its much-anticipated price pump based on a predicted end date for the Ripple v. SEC case. The crypto market remains unpredictable and volatile, and XRP is no exception. Currently, XRP is navigating a bearish trend marked by significant selling pressure that mirrors the broader market’s downturn.  This July alone, XRP plummeted by 8.44%, while Bitcoin (BTC) also dropped by 8.61%. The general sentiment across the crypto market is one of pessimism, yet some analysts foresee an imminent turnaround for both the market and XRP. Timeline for an XRP Price Pump At the moment, XRP is trading at $0.4354, caught in a bearish storm that has traders and investors on edge. The Ripple Effect, a notable commentator in the XRP community, recently highlighted a crucial technical pattern on Twitter.  No one is talking about this MASSIVE $XRP triangle breakdown. A weekly close below $0.42 is extremely bearish. $XRP has been in a primary WAVE 2 correction (A-B-C pattern) since the 2018 peak. Currently, WAVE C is unfolding, and we are likely in WAVE 3 or 5. A sharp sell-off is… pic.twitter.com/PzoIEtCfwB — The_Ripple_Effect (@Ripple_Effect11) July 8, 2024 He pointed out that no one seems to be discussing the significant breakdown of a massive triangle pattern in XRP’s price chart. The Ripple Effect warns that a weekly close below $0.42 would signal extremely bearish conditions for XRP, potentially leading to a sharp sell-off.  He bases this forecast on the belief that XRP is in the throes of a primary Wave 2 correction, which started following its 2018 peak of $3.81. The current phase, Wave C, is now unfolding, and The Ripple effect suggests that the market might be witnessing either Wave 3 or Wave 5. According to him, speculators could eye-buy…

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Filed under: News - @ July 9, 2024 10:28 am