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XRP/USD: Holding critical support 0.45$, expecting new bull run but waiting for sec decision

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Short term Analysis:
Ripple continues to move sideways after registering only a false breakout above 0.5 psychological level. Still, the price action shows us some bullish signals in the short term. Personally, I believe that XRP/USD needs a bullish spark to be able to develop a strong swing higher. short term 0.35 support and resistance 0.70$ level Ripple can move. If this support level holds, Ripple could rise to the next short-term resistance at $0.50 and 0.65 also 0.75$

Long Term Analysis:
Price very strong bullish but waiting for SEC VS RIPPLE CASE decision, If ripple win case XRP skyrocket towards ALL-TIME HIGH 5$, 7$ And later 10-15$, If Ripple loses case price could crush 0.10 below. Currently so far market positive about Ripple.

SEC CASE:

As for Ripple’s XRP, it has been trading at $0.455 for over a week. The token is unlikely to grow due to an SEC vs Ripple case. Recently, the crypto giant has filed a formal response to the SEC and requested documents related to the agency’s determination that Bitcoin and Ethereum are not securities. The market awaits the outcome of the court battle.

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Market News regarding Case: 70% Positive news towards XRP and 30% negative

1-Yesterday’s discovery hearing in SEC v. Ripple produced two “surprise bombshells” in Ripple’s favour, as analyzed by Jeremy Hogan.
2-Judge Sarah Netburn believes XRP has value as a currency and utility.
3- 2nd Time Attorney Deaton files pre-motion letter for intervention by 10,000 XRP holders.
4-SEC Tells Judge That XRP Cannot Be Compared to Bitcoin and Ethereum During Hearing.
5-US Court allows Ripple’s co-founders to file a motion to dismiss the case.
6-Ripple Hires Uber Veteran To Lead Southeast Asian Expansion

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