Ripple price (XRP) failed to break resistance at $0.55 early Wednesday as traders continue to digest Ripple’s recent response to the Securities and Exchange Commission’s (SEC) allegations of illegally selling XRP as a security.
Ripple wallets holding up to one million XRP are close to their all-time highs on Wednesday. Legal expert Fred Rispoli expresses concerns about a second round of the legal battle between Ripple and the SEC. XRP remains range bound below $0.55 on Wednesday. Ripple price failed to break resistance at $0.55 early Wednesday as traders continue to digest Ripple ’s recent response to the Securities and Exchange Commission’s allegations of illegally selling XRP as a security.
6% Fibonacci retracement of XRP decline from April 9 top of $0.6431 to April 13 low of $0.4188. XRP price could tackle these resistances on its path to $0.60 and target the April 9 top of $0.6431 thereafter. The green bars above the neutral line on the Moving Average Convergence/ Divergence indicator show underlying positive momentum in XRP price uptrend. The MACD line crossed over the signal line on Monday. This crossover is typically considered a bullish sign for the asset’s price.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CTO Clears Controversy Around XRP and Ripple NamingRipple CTO David Schwartz clears air on XRP-Ripple naming controversy
Read more »
XRPL Architect Debunks XRP Price MisconceptionsDavid Schwartz, Ripple's CTO and XRP Ledger architect, dispels misconceptions surrounding XRP's price dynamics
Read more »
Cryptocurrencies Price Prediction: XRP, Arbitrum & SUI – European Wrap 10 AprilRipple (XRP) price is testing a crucial support on Wednesday, at $0.60.
Read more »
XRP price sustains above $0.60, testing time for Ripple bulls while firm invites applications to grant programRipple (XRP) price is testing a crucial support on Wednesday, at $0.60.
Read more »
Shiba Inu (SHIB) Outperforms Ripple (XRP) and Cardano (ADA) in This Essential MetricCrypto Blog
Read more »
Ripple Price Analysis: XRP Pushes Toward $0.65 as Buyers Resume Control: Is $0.7 Coming?Crypto Blog
Read more »