XRP Takes Action With Ripple's Legal Uncertainty

  XRP Takes Action With Ripple's Legal Uncertainty Judge had denied Sarah Netburn's access to the bank records of Ripple's executives of the US Securities and Exchange Commission (SEC). Following this incident, market participants seem to fear missing the opportunity against XRP. The enormous increase in buy orders increased the market value of this token by nearly 240 percent in ten days, from $ 0.58 to a three-year high of $ 1.96. After crossing the model's neckline at $ 0.60 on April 4, it became the fourth ballistic cryptocurrency.

XRP Takes Action With Ripple's Legal Uncertainty

We can see it rise another 100 % towards its all-time high of $ 3.30 in January 2018. Despite the optimism around the XRP community, Ripple is not yet outside of the legal fight against the SEC. Until Ripple's legal issues are resolved, investors should watch out for the 61,8 %, Fibonacci retracement level at $ 0.90. Breaking this support level could lead to retesting the value line at $ 0,60.    

Source: investing.com

 

You may also be interested in:

 

“Ethereum Sell Signal Flashes”