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XRP Price Prediction: Ripple bulls not in a secure position, pattern projects 25% decline

Apr 22, 2021 01:26 GMTCrypto News XRP price indecision is forging a symmetrical triangle on the intra-day charts. 100 four-hour simple moving average (SMA) playing a role in the consolidation. New SEC Chairman showing no signs of backing away from high-stakes lawsuit. XRP price rebound following the Sunday crash has moved from being impulsive to corrective, suggesting the consolidation of the past three days is just releasing the price compression of the crash rather than putting in a firm bottom. XRP price oscillators are best managed with patience The new United States Security and Exchange Commission Chairman Gary Gensler instructs the SEC to march forward with the case against Ripple executives that alleges that they sold the XRP token without registering it as a security.

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