#XRP price surged 60%#
Hot Topic Overview
Overview
XRP prices have surged recently, rising as much as 60%. This surge is primarily attributed to Ripple's victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC), and the successful sealing of relevant documents. Analysts believe this event has broken the bullish continuation pattern for XRP prices and expect prices to continue rising in the coming days.
Ace Hot Topic Analysis
Analysis
XRP price has broken out of a bullish continuation pattern, with expectations of a 60% surge in the coming days, after Ripple won the sealing of court documents in its case against the U.S. Securities and Exchange Commission (SEC). This surge stems from Ripple's victory in its lawsuit against the SEC, which revolved around whether XRP constitutes a security. The sealing of the court documents fueled market expectations of Ripple's win, leading to a sharp increase in XRP price. Additionally, the impending departure of Gary Gensler as SEC chairman has provided a boost to XRP price, with the market anticipating a more crypto-friendly policy under the new chairman. While the final outcome of the Ripple case remains unclear, the market's optimistic sentiment regarding Ripple's victory has already propelled XRP price significantly higher, with further gains expected in the coming days.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
XRP price broke above bullish continuation pattern after Ripple won the SEC case, and is expected to surge 60% in the coming days.
XRP price surged due to Ripple winning the SEC case and filing documents for sealing.
XRP price surge is due to breaking the prevalent symmetrical triangle pattern.
Gary Gensler stepping down from SEC could further boost XRP price