Hello, my #XRP gang! Today, I want to share with you something about XRP's journey to the moon index of. Of course, the most important thing here is the price, but in There are other factors that need to be considered when trying to figure out the development path of XRP. Well, first of all, the price of XRP added fuel to the fire throughout the weekend. In fact, even in the case of a lawsuit filed by the US Securities and Exchange Commission (SEC), its price has risen six times this year. Analysts have been predicting the solid bullish pattern of XRP on price charts, and this Everything will become reality.
Welcome to Money Side. Click the subscribe button, and then turn on the notification (if you don’t already have one), Let us understand it in depth. Since 2017, the number of XRP has recently surpassed all time. With us on the previous Compared to the number seen in the market cycle, the number of accounts created each day Soaring. The average daily trading volume of XRP dwarfs the prices we have seen before using XRP, and All of these have brought positive price movements for XRP. XRP is now unstoppable! ! ! XRP has returned to a level that we have not seen since 2017, and I must say, become XRP holders are an exciting time. In this market cycle, we are talking about a market value of 2 trillion US dollars, and last time, Our market value is approximately US$850 million. What follows is that we will not be surprised to see the previous XRP historical record tripled. We have seen a lot of account activation information every day. In the last month, we created an average of 2500 accounts per day. This is already higher than we were a year ago. If we go back to January 2020, we can see that XRP has at least 500 account activations per day.
In terms of account activation, we have increased five times, which is very important for XRP It is quite impressive. Compared to last week, things have become more and more interesting. We started to see Create up to five to eight thousand shots of accounts every day. These are already crazy numbers, in terms of account creation, soon we will reach Tens of thousands every day . Considering the last market cycle, more than 20,000 accounts were created every day , This is not crazy. More and more people are entering the world of cryptocurrency, and there are more capital flows. The situation is getting better and the price of XRP will continue to rise. Although there are other metrics here, if we look at the total number of accounts, Then there are definitely more people in the XRP ecosystem than in the previous market cycle. Trading volume is always a powerful indicator of the potential of price movements. In fact, on Twitter, the famous encryption enthusiast Cyptobull2020 wrote the following: ` `During the 2017/2018 bull market, the trading volume of XRP just exceeded the trading volume. If true, the price precedes the price: Moonshot is coming! As we have seen, this is an exciting time for XRP, and even those stubborn XRP haters have also Say everywhere: "Hey! I still hate XRP, but if it makes money, why not? " I must say, what is that, it clearly shows that this token is getting hotter and hotter.
Now, let us take a look at the latest developments in XRP Vs. SEC. Let's jump in directly! Ripple Vs. SEC News Update I know you we have heard a lot about News of fierce competition between Ripple and SEC, However, this ruling will affect the future of XRP, yes, it will affect the token Price trend. Therefore, we must always inform you of Ripple and the US Securities and Exchange Commission. That said, let's get started, shall we? Last Friday, the U.S. District Judge, except for rejecting Chris and Brad’s The demand for personal financial information also abolished the SEC’s service of subpoenas to SVB Financial Group, the First Republic Netburn said in his own words, “The SEC’s Financial record requirements, in addition to XRP transaction records that have been committed , Are in line with the requirements of banks and other companies Irrelevant or proportional.
The needs of the case. " In a letter to the judge in March, Garlinghouse’s attorney argued that “the various parties of the U.S. Securities and Exchange Commission (SEC) Attempt to search the defendant's personal financial information in a non-fraudulent lawsuit , And the defendant has agreed to provide relevant information about the victim . Trading is completely inappropriate and excessive behavior. " Guys, I have to agree with the lawyer; it seems that the SEC is doing its best Filed a lawsuit against Ripple without any substantive evidence, This leads them to overexposure to their personal information, I don’t think this should be the case of. Fortunately, the U.S. district judges are great under fairness and legal guarantees. So, what does this mean for XRP? This is obviously the US Securities and Exchange Commission has heard the heat, they may lose this lawsuit. I mean, I think the case from the beginning It’s just out of control.
There are many SECs that have not been disclosed to the public, but from my point of view, the SEC team I have been fighting for XRP since the beginning, Why do you say that? If they have evidence that Ripple has some unregistered sales, then they should Come to them, Why do you want to do this now? Are they afraid of Ripple's potential and followers? Because obviously, all of us can see that this cryptocurrency is developing.
Whether we like it or not Accept the moon landing, This may all require some success in the process of reaching the top, but it did not stop XRP from being bullish trend. But why does the US Securities and Exchange Commission deal with the Ripple case? Why now? If we can find the answers to these questions, then I’m sure we will understand the lawsuit Hidden target. All in all, Ripple will not go downhill without a fierce battle, and XRP keeps hitting A new high in history. Put your hands down! I have never seen an encryption struggle for life like XRP does now. We still have high hopes for XRP and Ripple, but if this happens , Ripple may have to hang up their coat for a while. But this does not mean that XRP will stop soon. To give you a better understanding of the upcoming bullish run of XRP, let us Take a look at the technical analysis. Now let’s look at the weekly chart; well, first of all the idea seems Kind of crazy.
However, for my target analysis, I just applied the 2017/2018 bull market The same FIB level and percentage range. The previous bull market cycle basically included 2 bull markets. The basic premise of my target analysis is that we will again Get this 2x bull market income. So let's get started: XRP price is currently in a bull market in 2018 Since the 0.5 Fibonacci retracement level. In 2017, the price retreated to the 2.618 level, and then fell sharply to The 0.702 level has since risen to 2018 ATH.
Applied to 2021, this means that we will rise all the way to around $9, and then fall back sharply To 2.50 US dollars, then rose to about 50 US dollars, which marked the highest point in 2021. After breaking through the top, a correction of about 70% to 4.236 (about 14 US dollars) level , Now as a support level. Next is an 8-month merger and cooling-off period, and then according to the final Cycle, according to the percentage change of the 2018 cycle, all the way up to about 420 US dollars .
Considering that many people tend to sell too early, the duration of the parabolic phase is usually Longer than most people think, I think these price levels are an interesting idea. Safe transactions my friends. Please remember that we are not a licensed financial advisor. All videos on this channel are for entertainment purposes only. Tell us what you think in the comments section below and let us have a conversation. Thank you very much for watching. Don’t forget to like this video and click the subscribe button below. Whenever we post amazing content, please turn on the notification to get notified. We will see you in the next video.