Amidst the decision by judge Analisa Torres in the longstanding U.S. Securities and Exchange Commission (SEC) lawsuit, renowned analyst Dark Defender believes an eye-catching 538% surge in the value of XRP is nigh; however, the market expert warns of XRP potentially declining in price if it fails to keep back bulls at the $0.46 support. The new assessment is rooted in the Elliott Waves theory, a concept positing that market trends take on a wave-like shape composed of seven stages, three lows and five peaks. This new observation supports previous forecasts by Defender that an upsurge is likely beginning in five to six weeks to some $3 with September flaunted by Adviser as a potential breakout month. The hypothesis was further enhanced by the favorable judicial ruling in the SEC lawsuit. Torres declared that secondary XRP sales won’t constitute an unauthorized sale of securities under US laws. The favourable decision gave rise to impulsively amplified investor interest which then sent the XRP strobed up front by during a delayed span of just two hours.
