Securities and Exchange Commission (SEC) lawsuit against Ripple saw an update as the payment remittance firm filed a motion to narrowly seal documents related to the remedies-phase.
Ripple filed to seal documents filed by the SEC in its motion for judgement and remedies, on May 13. The SEC has previously stated that it does not oppose Ripple ’s request to seal documents. XRP climbed above $0.50, adding 0.51% to its value on Tuesday. Securities and Exchange Commission lawsuit against Ripple saw an update as the payment remittance firm filed a motion to narrowly seal documents related to the remedies-phase.
XRP could sweep liquidity at the April 29 low of $0.4784, on the weekly timeframe. Relative Strength Index is 43.35 with no significant divergence. Ripple’s 1-day XRP/USDT chart shows potential for nearly 5% gains in the altcoin, with a target of $0.5294. XRP has established $0.5015 as support, breaking above this level on Monday. The $0.5015 level coincides with the 23.6% Fibonacci retracement level of Ripple’s decline from its March 11 top of $0.7429 and April 13 low of $0.4269.
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