XRP/USD - What is going on, why is XRP pumping?

Price action is quite clear, we had a clear 5 waves down and now we are recovering. Unfortunately many people got scared and sold at .20 cents due to the SEC lawsuit, but this may turn out to be a temporary set-back with XRP posed to pump hard later on. Buying at .20 cents was a steal, too bad many were shaken.

While US customers will not be able to trade XRP, they only represent 10% of the trade volume for XRP. Please go on CMC website and click on XRP markets, you will see XRP listed on hundreds and hundreds of pairs and exchanges... XRP will NOT go away that easily.

Therefore, as long as the overall market is bullish, there is no reason to think XRP won't recover this loss. The first important resistance is at .40 cents as indicated on the chart. If we pass that, then we will recover most loses due to SEC scare.

We may also re-test support before that, so watch the price action around 0.30 cents.

If you are not invested yet in XRP and look for a good coin that is like XRP, then it's safer to consider XLM which is pretty much XRP 2.0 with amazing fundamentals.

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