XRP plunges to $0.50, wipes out recent gains as Ripple community debates ETHgate impact

Ripple (XRP) loses all gains from the past seven days, trading at $0.50 early on Monday.

XRP lost all gains since April 22 and corrected to $0.50, early on Monday, ahead of SEC filing of opposition brief. XRP community debated the ETHgate controversy, how the alleged Ethereum free pass negatively affected the altcoin. Ripple CTO David Schwartz slammed ETH co-founder Charles Hoskinson for separating ETHgate argument from SEC litigation on Ripple . Ripple loses all gains from the past seven days, trading at $0.50 early on Monday.

There were two confirmed high momentum breakouts on April 12 and April 13, as seen in the XRP/USDT 1-day chart. This offered sidelined traders the opportunity to enter, with the first entry at $0.50, second at $0.4786 and the third at $0.4188 . For traders who missed this setup previously, the opportunity presents itself again, with XRP back at $0.50.

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