From a technical perspective, there are many positive indications that show a big potential in Ripple. XRP price has formed a trend line and support over the past few months. This trendline has already served as resistance three times, making it a confirmed trendline heading towards the support of around $0.53. As the trendline is heading towards support, a descending triangle has formed. 

However, since descending triangles are only valid after a price crash, we are not assuming a descending triangle here, but a simple consolidation phase, which could serve as a correction. As a result of this consolidation phase, the Ripple price could soon break the drawn trend line in a bullish manner and head for old highs.

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The fact that the Ripple course has recently been corrected more strongly has resulted in a possible ABC sequence. However, this ABC sequence is not yet activated. It only becomes active as soon as the high (A) is exceeded. With a trendline break, we would expect the price to be higher than point A, so we assume an active ABC sequence from there. The target of the sequence is around $3.34 – $4.15. If the Ripple price plays out in this scenario, there is a risk that the price will form a double top formation. More on that in the next long-term Ripple forecast.

Ripple price has risen to $0.91 since our last forecast. Shortly after reaching the target, the price corrected again and confirmed the former $0.85 resistance as resistance. That's exactly how we expected the price to develop. With those two moves now complete, we expect a fresh move higher to $0.91 next. If this resistance breaks, the price could rally to the $1 level soon. After the Ripple price has reached the $1 mark, we expect another correction. This could hold again until the next support. This would be around $0.91. Price would confirm this level as support.

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The Ripple price could soon correct the previous fall from $2. However, since this is on the weekly chart/monthly chart, this rise could last a bit longer. We anticipate a rise to the GoldenPocket of $1.45. However, with horizontal resistance ahead of the GoldenPocket at $1.31, we anticipate a bearish reaction there already.

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Since XRP reaching $1 is in sight, buying at psychological price areas is a good plan of action. The reason for that is that crypto prices tend to break those areas in uptrends and then revert back to them for support. Here's a trade setup while XRP soars to $1:

• Buy price: $0.90
• Stop-loss price: $0.86
• Take-profit: $1 or more!

You can even set a trailing stop-loss as the uptrend continues higher. Bear in mind not to place a tight stop in that case, especially when the market turns volatile.

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The XRP token has long been one of the most successful cryptocurrencies on the market and was at times in 3rd place in terms of market capitalization behind Bitcoin and Ethereum. But the legal battle caused the price of XRP to struggle in recent months. We provide the most important information on the Ripple vs SEC legal dispute.

Ripple is a payment network that was specially developed for banks and aims to make international payment transactions between these institutions more efficient and cheaper. Ripple wants to simplify payment transactions between different currency areas and make payment corridors efficient.

The token of the Ripple payment network is the XRP. The XRP is not a "classic" cryptocurrency because it is issued and controlled centrally by Ripple Labs. Despite the lack of decentralization, XRP has become increasingly popular with investors in the past. The XRP was at times the number 3 on the crypto market behind Bitcoin and Ethereum.

In the last few months and years, the XRP has fallen more and is now in the lower areas of the top 10. The network has grown significantly during this time and has entered into an extremely large number of new cooperations. The legal dispute with the SEC played a large part in the decline.

The abbreviation SEC stands for "United States Securities and Exchange Commission". It is the Securities and Exchange Commission of the United States of America. The organization controls stock exchange trading in the United States. It was founded in 1934 in response to the massive stock market crash of 1929 that triggered a deep depression.

The SEC has 3,500 employees and 5 divisions. All companies that want to participate in the American capital market must register with the SEC. The authority also decides whether a company can use the New York Stock Exchange. Furthermore, the authority wants to ensure transparency for investors.

The reason for the lawsuit between the company Ripple Labs and the SEC is the SEC's view that Ripple trades in securities. Ripple did this without a license. She does not see Ripple or the XRP token as a cryptocurrency. Ripple contradicts this point and claims that it does not sell any securities. The litigation revolves around this main question.

The SEC has 3 main allegations:

• Ripple is said to have traded securities without a license. The company has not registered XRP as a security with the SEC.
• Ripple is said to operate price manipulation. Founders Brad Garlinghouse and Christian Larsen are said to have specifically bought and sold XRP to increase trading volume.
• Furthermore, Ripple is said to have paid for listings on exchanges.

The SEC filed the lawsuit on December 22, 2020. The price of the XRP then collapsed massively. The price fell as low as $0.25. The value then halved within a day.

In 2021, the tough legal battle had an extremely negative impact on the XRP price. While many cryptocurrencies rose massively in the first quarter of 2021, the rise in XRP was very limited. We summarize some of the milestones below:

• 01/07/2021 : After many exchanges removed XRP, Grayscale removed Ripple from the important Grayscale Digital Large Cup Fund. blockchain.com also later stopped trading in XRP. 
• 04/06/2021 : Ripple achieved a stage victory in which they forced the release of documents in which the SEC evaluated Bitcoin and Ethereum. If there are hardly any differences to XRP in these documents, this is an excellent point of defense for Ripple.
• 09/02/2021 : A leaked email traffic from the SEC revealed that the authority had neither the XRP nor the Bitcoin and Ethereum on a list of "prohibited holdings".
• October 2021 : In the month of October, more and more information came out that a comparison between Ripple and the SEC was in the offing.

Ripple is currently using the “Fair Notice” point. In this defense strategy, Ripple and its attorneys state that in the 8 years since Ripple's existence from 2012 to the 2020 indictment, the SEC never gave a fair indication that XRP could be a security.

The SEC must now release documents that should prove this. The SEC tried to stop this. However, the court ordered the SEC to release those documents. This could further worsen the situation for the SEC, making a settlement more likely.

However, the indictment could also be dismissed entirely by the court. This would quickly end the litigation. But here, too, the SEC could appeal, further dragging out the process for months.  

You can also purchase Ripple’s XRP token on crypto exchanges  Coinbase  and  Kraken  .