XRP/USDT
Fundamentals:
First of all, this trade is only good once the FED raises the interest rate by 0.75% or less. If it is higher than that, close it or do not even open it
Ripple is currently on trial with the SEC. The result of this trial will be extremely crucial for the whole crypto industry, not just XRP, as it sets an essential precedent
We have already seen some headlines regarding the trial, which caused the coin to rally. However, we have not received the result
The pre-sentence hype with a potential win by Ripple can create enough strength to lift the XRP coin much higher
I also expect today's FED meeting to create a boost for the market as most meetings this year have done
Technicals:
XRP has formed a solid rounding bottom on a daily chart , which is just about to break upwards
The RSI indicator has also comfortably broken above 60 and seems to point higher
The relative strength is clearly there as XRP has outperformed most other cryptocurrencies in the past two weeks and withstood breakdowns from Bitcoin or Ethereum
First of all, this trade is only good once the FED raises the interest rate by 0.75% or less. If it is higher than that, close it or do not even open it
Ripple is currently on trial with the SEC. The result of this trial will be extremely crucial for the whole crypto industry, not just XRP, as it sets an essential precedent
We have already seen some headlines regarding the trial, which caused the coin to rally. However, we have not received the result
The pre-sentence hype with a potential win by Ripple can create enough strength to lift the XRP coin much higher
I also expect today's FED meeting to create a boost for the market as most meetings this year have done
Technicals:
XRP has formed a solid rounding bottom on a daily chart , which is just about to break upwards
The RSI indicator has also comfortably broken above 60 and seems to point higher
The relative strength is clearly there as XRP has outperformed most other cryptocurrencies in the past two weeks and withstood breakdowns from Bitcoin or Ethereum
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