Technical analysis by SignalQuant about Symbol XRP on 6/7/2024

https://www.tradingview.com/chart/MvtKmvyy/ The chart above combines XRP price flow, volume, and key level moving averages over the past three years With the exception of Q21.2, when almost every coin saw a price spike, there hasn't been a notable rally. The only recent significant spike was the July '23 summary judgment announcement, after which the second half of '23 and the first half of '24 went sideway(unlike other altcoins). Still, the price continues to be supported by the 100-week MA and the key level MA is rising in a modestly parabolic flow, so I think the chart is ready to surge at any time, as long as there is some sort of expectation that the end to the U.S. SEC lawsuit or any mention of an ETF. The following headlines are a list of recent XRP-related issues. June 06. 80% of Japanese banks partner with Ripple June 05. Ripple Labs partners with global payment company 'Clear Junction' supporting GBP-EUR payments May 18. Ripple sold 8.4 billion XRP in '24.Q1 May 06. Ripple CTO “We will reveal details of its own stablecoin in June” April 30. Ripple Partners with Hashiki's Japanese Consulting Firm