Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Sophie Robert on May 17, 2023, 12:07:04 PM
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The XRP price has increased as a result of the court's recent decision to reject the SEC's request to have the records related to Hinman's speech sealed. Until this point, it has been trapped in a fairly small range. The price increased by about 10% to reach $0.4616 as the day's high. It is now experiencing some negative activity, but this is expected to pass quickly.
A massive increase in the daily active addresses was witnessed immediately after the judge turned down the SEC’s request. The address count, which was hovering around 30,000 to 35,000, quickly spiked to levels above 85,000 active addresses during the previous trading day.
XRP army appears to be extremely confident in the XRP price rally ahead. But will the XRP price reach $1 by the end of 2023? What you have to say about this?
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XRP held above the 50-day and 200-day EMAs, sending bullish price signals.
An XRP break above the $0.6354 resistance level would support a move to the $0.7047 resistance level.
SEC v Crypto case-related news, US lawmaket comments, and SEC activity remain focal points.
However, a fall through the 50-day EMA would bring the $0.5835 support level into play.
Source link: https://www.fxempire.com/forecasts/article/xrp-news-the-sec-v-ripple-final-push-legal-battle-and-regulatory-risks-1395517
The 14-day RSI reading, 46.02, indicates a drop to the $0.5835 support level before entering oversold territory