XRP Price Could Get A 23% Boost From This Bullish Formation Breakout

XRP is looking good, as Ripple once again scores a procedural victory in its lawsuit battle against the U.S. Securities and Exchange Commission (SEC) that has been ongoing for almost two years now. XRP gains another key victory in its ongoing legal battle with SEC Altcoin is up by 8.5% for the past seven days XRP on its way to the $0.52 resistance level On September 29, a ruling for the release of emails and other correspondence authored by William Hinman, former SEC Corporation Finance Division Director, was ordered by a U.S. District Court Judge. Documents being sought after by the court pertain to a Hinman speech where he stated Ethereum is not a security because it was sufficiently decentralized just like Bitcoin. Ripple, with this development, has put itself in an advantageous position to win the long-running court battle with SEC. It would appear that XPR’s price is set to respond accordingly, as it is pointing towards a bullish momentum. XRP In A Rounding Bottom Pattern In crypto space, the rounding bottom pattern that is being followed by the XRP coin is a bullish reversal model that is normally seen during bearish market bottoms. Related Reading: Chainlink Crosses $6.18 Trillion In Transaction Value – Will This Boost LINK Price? Chart: TradingView.com It usually signals the exhaustion of sellers that follows a downfall and the regaining of trend control by the buyers that usually trigger recovery rally. During the thi...