Ripple Vs. SEC: XRP Showing Strength In The Legal Fight As New Evidence Arises

The returns on Ripple were promising in the past decade, but it largely missed out on significant crypto gains. However, it did succeed during the early parts of last year until April, when its value grew significantly higher than before, only to be replaced by other cryptocurrencies later in autumn, which had much better performances throughout that period. XRP has been making lower highs since 2017, and the price is bearish. Other cryptocurrencies continued to make record highs until November 2021, but XRP’s price had grown slowly. During last month’s dip, XRP had slipped below $1, falling to $0.55. It met SMA200 (purple) on weekly charts, which provided support for a second time; then started bouncing higher again in January this year. Related Reading | Representing Lawyer of XRP Holders Predict SEC’s Next Move As Ripple Price Hikes XRP/USD is climbing higher, but buyers haven’t been able to push the price above 50 weeks SMA (yellow), which stands at $1.9 and acts as resistance in the top level for now; however, a jump from 055 did show some bullish signs since they gained around 60%. A week later, markets turned bearish again overall, but XRP holding onto its gains indicates that there could be more upsides left within rangebound periods. XRP Fight Against SEC The main reason XRP is falling behind the rest of the crypto market has been a legal battle that started more than one year ago, when SEC open...