XRP Holds $2 Support as Ripple-SEC Settlement Talks Fuel ETF Optimism
XRP is trading at approximately $2.08 , reflecting a 1.6% decline over the past 24 hours. The cryptocurrency has experienced a 40% drop from its year-to-date high of $3.41.
⚖️ Legal Developments
The U.S. Court of Appeals has granted a joint motion to pause the appeal in the SEC v. Ripple case, as both parties move toward finalizing a settlement agreement. The SEC is required to submit a status report within 60 days, by June 9, to update the court on the progress of the settlement.
📈 Technical Analysis
XRP is currently holding above the $2.00 support level, with key resistance at $2.24. A sustained dip below $2.00 could see XRP tumble toward the next support at $1.61.
Technical indicators such as the MACD and RSI are showing signs of bullish momentum , suggesting a potential breakout if XRP can maintain support above $2.00.
Read More: https://onthenode.com/analysis/xrp-holds-2-support-as-ripple-sec-settlement-talks-fuel-etf-optimism
XRP is trading at approximately $2.08 , reflecting a 1.6% decline over the past 24 hours. The cryptocurrency has experienced a 40% drop from its year-to-date high of $3.41.
⚖️ Legal Developments
The U.S. Court of Appeals has granted a joint motion to pause the appeal in the SEC v. Ripple case, as both parties move toward finalizing a settlement agreement. The SEC is required to submit a status report within 60 days, by June 9, to update the court on the progress of the settlement.
📈 Technical Analysis
XRP is currently holding above the $2.00 support level, with key resistance at $2.24. A sustained dip below $2.00 could see XRP tumble toward the next support at $1.61.
Technical indicators such as the MACD and RSI are showing signs of bullish momentum , suggesting a potential breakout if XRP can maintain support above $2.00.
Read More: https://onthenode.com/analysis/xrp-holds-2-support-as-ripple-sec-settlement-talks-fuel-etf-optimism
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3 comments
Nothing ever happens
So tired of the wait/rush rush/wait headgame...
So another 60 days of waiting for something to happen.