Ramazan Eles 
The long-awaited SEC vs. Ripple lawsuit has concluded with a partial win for Ripple. The cryptocurrency firm was ordered to pay a $125 million fine for selling XRP to institutional investors, but the court also ruled that XRP is not a security in most circumstances.
Following the news, XRP’s price surged over 20%, breaking above the crucial $0.60 level. Technical analysis suggests that XRP is poised for a potential breakout from a long-term symmetrical triangle pattern.
XRP Price Analysis
A symmetrical triangle pattern has formed on XRP’s weekly chart, suggesting a period of consolidation before a significant price move. The recent bounce off the support trendline of the triangle, coupled with bullish candlestick patterns and positive RSI and MACD readings, indicates a potential upward breakout.
If XRP successfully breaks out of the triangle, price targets of $0.95 to $1.02 are possible based on both wave count analysis and the height of the triangle itself.
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