XRP and Bitcoin (BTC): The two cryptos stimulate the bull market!  July 14 Technical Analysis

Yesterday, Ripple’s XRP token surged after winning a lengthy legal battle with the SEC. The US judge’s decision has indeed had major impacts for the crypto industry. For its part, the queen of cryptos reached a high of 12 months. The bull market seems imminent, with XRP and Bitcoin (BTC) in the lead!

Ripple emerges victorious against the SEC: XRP explodes by 100%!

Good news rocked the crypto industry yesterday. After a long legal battle, Ripple wins its lawsuit against the SEC. Indeed, a US judge has ruled that Ripple’s XRP is not considered a financial security.

In reaction to this, the value of the XRP token skyrockets to near $1. Currently, this crypto is experiencing a slight retracement phase around $0.789. This rise was supported by the decision of several exchanges, such as Coinbase and Gemini, to reintroduce XRP as a tradable crypto on their platforms.

Additionally, Santiment’s on-chain data also shows interesting activity from large XRP investors following this good news. In this context, the value of Ripple could see a further rise with a next target set at $2. It may therefore be interesting to buy XRP tokens now:

Admission: $0.7;

Stop: $0.54;

Goal: $2.

XRP Bitcoin Bull market
Ripple (XRP) daily chart – source: TradingView

Bitcoin (BTC) hits a 12-month high

While investors are focused on the case of XRP, BTC broke through the $31,000 mark yesterday. The flagship crypto thus closed the day on Thursday in positive territory. In this uptrend, the flagship crypto hit a new high since June 2022 at $31,890.

This rise is likely to continue as wallets holding up to 100 BTC show signs of accumulation, according to Santiment. Moreover, the inflation rate in the United States, combined with the victory of Ripple (XRP), is favorable for the crypto industry. Therefore, it might be time to buy some BTC tokens.

XRP Bitcoin Bull market
Bitcoin (BTC) H2 chart – source: TradingView

Admission: $31,130;

Stop: $30,600;

Goal 1: $35,000;

Goal 2: $50,000.

In summary, the bull market seems imminent, carried by XRP and Bitcoin (BTC) which attract all the attention. If Bitcoin ETFs are approved, BTC could even see a 310% surge.

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