As we have recently seen some tremendous moves in the crypto market and a lot of it has been the so called alt coins. However, ripple being one of the major players has faced some resistance in recent times. This was mostly attributed to the pending SEC lawsuit in the United States, described by CEO Brad Garlinghouse as Ironic. The strange thing though is that XRP is worth more today than before SEC Lawsuit.
On a technical level we have just broken structure and with more and more rumors beginning to swirl that the SEC lawsuit could be dead in the water, we can clearly make a case for higher prices.
We have been holding and adding positions from earlier in the year at around 0.26000. Should we be set to continue higher we will be adding more positions at 0.65000 range. Please find attached chart for your enjoyment.