🔥Hi, friends! Ripple is one of the few cryptocurrencies that truly holds value and has its own product. The ECB is launching its own digital currency (CBDC), in which Ripple has played a significant role.
đźš©There has been a lot of news regarding this company's involvement in developing country currency analogs using blockchain solutions XRP.
đź“ŠWhat could influence the price of Ripple? In May, the Ripple case is expected to conclude. I see two scenarios:
âś…1. Negative: the company is found guilty of selling unregistered securities. In this case, the price may fall to the nearest major support zone, specifically $0.37-0.41.
âś…2. Positive: the company is acquitted, and the XRP token is deemed a commodity. The price skyrockets, with all growth targets outlined below.
âś… THE MAIN LONG TARGETS FOR XRP:
1. $0.66 - the key level, local high
2. $0.8 - the key level
3. $ 1 - the even number and huge resistance for the price
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.