
Crypto Lawyers Expect Drastic Judgment In Ripple Case With SEC
XRP Reaches Resistance at $0.40
Cryptocurrencies are bullish, but need a breakout for further gains
Ripple (XRP/USD) is trading bullish in the short term, but in a tight range. This brought the cryptocurrency to the $0.40 resistance, a level that it held for several days. From there, it will be another bullish trigger and XRP will break out. There are noteworthy developments that could trigger such price action.
As you know, Ripple’s lawsuit with the US Securities and Exchange Commission is at a critical stage.coin journal report Lawyers hope the case will be resolved soon. Another cryptography expert offers his take on the case.
Attorney James K. Filan expects the US District Court to issue blanket judgment on summary judgment. He believes there will be no separate ruling on the issue of sealing, including Hinman’s material. Filan says this is standard practice from previous rulings, including cases involving Goldman Sachs. If the prediction turns out to be accurate, the case could be resolved early, as has been speculated.
On the other hand, the latest coinbase cryptocurrency news sparked new speculation. Coinbase says he will remove some crypto assets, including XRP, from his wallet from January. The US crypto exchange cites low token activity. This development has speculated in the cryptocurrency community that the lawsuit with the SEC may be delayed or Ripple may lose. But how will XRP behave?
XRP Corrects Slightly With Key Resistance
A 2% loss during the day could allow the bears to push XRP back to the uptrend line. The RSI is below the midpoint of the seller’s entry. However, XRP momentum remains bullish at key resistances.
Should You Buy XRP?
Most of the expectations about ripples The SEC case is speculation. But it’s true that the incident adds an important twist to December’s attention. The bulls should keep their vigilance at $0.40 levels.
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