XRP is poised for a potential 60% increase, having recently broken out of a symmetrical triangle pattern following a favorable court ruling in its ongoing legal battle with the SEC. The breakout suggests a target price around $4 in the coming days. While XRP showed signs of retreat toward a lower trendline at approximately $2.37, maintaining trading above the upper trendline is crucial for its bullish outlook. The recent court ruling allows Ripple to seal certain sensitive documents, adding to the positive sentiment. Additionally, upcoming changes in SEC leadership, with Gary Gensler's impending departure, hint at a potentially altered approach towards crypto regulation. Legal experts suggest that new SEC Chair Paul Atkins may favor a less aggressive stance, which bodes well for XRP and similar assets. Optimism among investors grows as the SEC prepares for an appeal regarding its previous rulings, amid ongoing market volatility.

Source 🔗