XRP ready to surge again after consolidation


Market & Ticker: Ripple – XRP/USDT 


Date: 07/08/2023 

Horizon / Timing:  Tactical Mid-term / 1 to 3 months 




XRP recently surges after having lowered the classification of token as a security by the US Regulator (SEC). This offer an opportunity to enter in a bullish trend significantly underrated since the fight between Ripple and the SEC started. 
The scenario is to buy the dip on current level to catch a volatile upside move towards 0,84 and 0,9240 corresponding to the last resistance challenged recently as long as 0,55 remains a support valid in daily close. Only a clear break in daily close above 0,9240 would open the door towards 1,12 and 1,2540 

We also want to highlight the regulation risk still going on the Ripple project – the price action will be impacted by the new flow between the SEC and Ripple. (See below) 
Ripple and the SEC 


Since late 2020, Ripple Labs, the creators of the XRP token, has been locked in a legal battle with the United States Securities and Exchange Commission. The big question is whether or not XRP is a security. 

On Dec. 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives on the grounds that they traded $1.3 billion in their XRP token as security without registering it with the commission. There have been arguments for and against the lawsuit. However, Ripple has strongly countered the claims, arguing that the SEC has been biased in its assessment. 

Based on the commission’s definition of XRP in its lawsuit, the cryptocurrency would pass the Howey test, and according to SEC regulations, all securities must be registered. 

👉 While most companies targeted by the SEC in a similar matter chose to settle, Ripple decided to fight. The outcome of the lawsuit will  undoubtedly have far-reaching implications in the crypto space. If Ripple prevails, the SEC could lose some of its credibility, giving other crypto-based companies the confidence to revolt. On the flip side, if the SEC wins the case, it could upend the way crypto firms operate and usher in a new wave of registration rules that apply to securities. 


Technical Key Elements: 


- Bullish exit from the previous bear trend confirmed. 
- RSI indicator is close to ascending trend line (support) 
- The Moving average crossed to the upside and act as support 
- Fibonacci key support is adjusted at 0,55 while the Elliot wave shows upside potential towards 1,12 and 1,2540 

Trade Idea conclusion:  Buy - Conviction:




Target 2: 1,2540 

Target 1: 1,12 

Confirmation area at 0,84/0,9240 

Buy: add in dip area 0,62 

Stop: 0,55 




Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 




The content in this channel is not investment advice but information to help you make the best decisions.. DYOR

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.