- The SEC’s latest Ripple case appeal has sparked FUD amongst XRP holders.
- While many fear a prolonged bear market, analysts remain unmoved.
- Multiple XRP analysts continue to share bullish XRP price expectations.
The SEC’s appeal in the Ripple case has led to rising FUD discussions as many traders worry about a prolonged bear market. The expectation for XRP to set new ATHs this bull cycle is greater than ever thanks to Ripple’s victory against the SEC. XRP missed the last bull cycle and analysts expect the altcoin to pump harder this cycle.
SEC Appeal Cannot Harm XRP Progress
However, the new SEC appeal in the Ripple case has caused strife as XRP holders fear the altcoin missing another bull cycle. To address this issue, one analyst steps up to alert the masses. He says that the SEC is only appealing the fine and monetary aspects of the August 24 ruling and not the security status of XRP.
He says this is incredibly bullish news and explains why the Bitwise ETF has been filed. Meanwhile, reputed crypto analysts share bullish predictions, the latest of which points to micro moves in the XRP/BTC price chart. The analyst, Egrag Crypto expects a huge impact for XRP price very soon.
XRP Prepares For Swift Upward Movement
Another analyst explores the XRP price chart. He takes a close look at the 12-hour chart stating that the last time the asset saw spot volume like this, whilst seeing such a big flush in open interest and funding flirting with negative over a prolonged period, it was the bottom. Following this, XRP rallied around 50% in a short time.
This rally would bring XRP up towards $0.75 and the top of our multi year range. He states that he can see this happening if BTC stops pulling back so hard and that XRP’s position looks different to many altcoins. Structurally it looks like it is ahead. Statistically it’s out performed the market since June.
