The Ripple vs SEC case is expected to close soon, and this is expected to raise the price of XRP price. The price has a big setback in the beginning of the new business every year. However, the trend seems to have resumed at this time, which makes the bull very successful and may rise in the coming days.
Also, one of the leading research platforms, Santiment has chosen XRP as their Crypto-pick for the month of January 2023. According to the platform, the price of XRP allows for low risk, high reward trading.
XRP price has been sinking since 2021, part of a larger rally that should support the triangle chart pattern. The price is currently trading at the bottom of the developing triangle chart indicating strong upside potential.
The platform reveals that the largest holders of wallets with 1 million and 10 million XRP have used 25% in the last 6 months as the price has remained stable. It should be noted that the currency of XRP and Binance and the general market outlook is not positive.
The ratio of MVRV also shows that sellers are selling at a loss of 7% due to the exhaustion of sellers. The platform also urges customers to be cautious and take appropriate risk measures before investing in XRP in January 2023.
Santiment’s claims may still be waived and other claims may be terminated as a result of the Ripple vs SEC litigation. An out-of-court decision is usually made before a court makes a decision. Therefore, investors can expect the XRP price to move in the coming days.
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