Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Coinpedia Fintech News on May 04, 2023, 01:00:55 PM
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XRP prices experienced a small drop of 0.32% during the previous trading day, continuing its losing streak. The current trading day started off bearish, with the price falling below two major supports at $0.4596 and $0.4545. However, the price saw a slight increase and reached just above $0.46 before failing to break the first major resistance at $0.4681.
The ongoing Ripple v. SEC lawsuit has had a significant impact on XRP prices, with no major updates from the recent trial. Meanwhile, the Federal Reserve's decision to raise interest rates by 25 basis points has led to a surge in the crypto market towards its pivotal resistance.