$XRP #SEC

1. Long Term Technical Analysis:

• Historical Trends:

• If the current uptrend persists (indicated by the Parabolic SAR and MACD), XRP could continue its bullish trajectory, but this will depend on the ability to break through key resistances (e.g., 2.68 shown on the chart).

• However, visible overbought areas (RSI and Stochastic) show that a medium-term correction or consolidation is likely before a bullish continuation.

• Key Supports and Resistances:

• Major Support: 2.17 (level marked on the chart).

• Major Resistance: 2.68 (recent high). If this level is broken with high volume, a continuation towards 3.00 or higher could be in the cards.

• Long-term MACD and RSI:

• The bullish divergence in the MACD shows a recovery, but the RSI is approaching the overbought zone. This could signal a pause or consolidation in the medium term before continuing in the long term.

2. Fundamental Factors Affecting XRP:

• Ripple-SEC Litigation: Ripple is in the middle of a legal battle with the SEC in the United States. If the litigation is resolved favorably for Ripple, it could lead to a significant increase in XRP.

• Institutional Adoption: Ripple is actively working with banks and financial institutions to promote the use of XRP as a bridge for cross-border payments.

3. Long-Term Forecast:

Optimistic Scenario:

• If Ripple wins its litigation against the SEC and accelerates institutional adoption, XRP could reach the following levels in the long term:

• End of 2024: $3.50 - $5.00

• End of 2025: $5.00 - $8.00

• This will also depend on a general recovery of the crypto market.

Pessimistic Scenario:

• If the Ripple-SEC litigation turns in favor of the SEC or adoption remains limited, XRP could experience stagnation or correction:

• End of 2024: $1.50 - $2.50

• End of 2025: $1.00 - $2.00