Ripple (XRP) closed above $0.52 on Sunday and resumed its climb on Monday, May 6.
Ripple locked in liquidity pools on the Automated Market Maker crossed 4.5 million on Monday. SEC vs. Ripple lawsuit to see filing from the regulator by May 6 deadline. XRP touches high of $0.53, climbs towards $0.57 target is likely. Ripple closed above $0.52 on Sunday and resumed its climb on Monday, May 6. Sentiment among market participants is positive as traders await Securities and Exchange Commission response filing and XRP locked in Automated Market Maker liquidity pools crosses 4.
The Moving Average Convergence Divergence indicator shows green histogram bars above the neutral line, combined with the recent crossover of MACD above the signal line, it supports XRP price recovery. XRP/USDT 1-day chart XRP price needs to close above $0.53, the 50% Fibonacci retracement level of the decline between April 9 and 13, to sustain its uptrend. A close below this level could invalidate the bullish thesis and XRP could dip to support at $0.
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