, 2022-10-17 20:33:00,
- On Monday, XRP rose by 0.75% to end the day at $0.48041.
- There were no SEC v Ripple case updates, leaving XRP in the hands of the broader crypto market.
- The technical indicators are bullish, with XRP sitting above the 100-day EMA, signaling a return to $0.50.
On Monday, XRP rose by 0.75%. Partially reversing a 0.99% decline from Sunday, XRP ended the day at $0.0.48041. Notably, XRP ended the day at sub-$0.49 for the seventh consecutive session.
A bearish start to the day saw XRP fall to an early morning low of $0.46316. XRP fell through the First Major Support Level (S1) at $0.4680 before rallying to an early afternoon high of $0.48258. However, falling short of the First Major Resistance Level (R1) at $0.4865, XRP slid back to sub-$0.4720 before ending the day at $0.48041.
There were no updates from the ongoing SEC v Ripple case to provide price support, leaving XRP in the hands of UK politics and US corporate earnings. However, the upside was modest as investors prepare for today’s latest round of Court filings.
XRP Under Pressure as Markets Look ahead to Today’s Court Filings
With no SEC v Ripple case updates for the markets to consider, this week’s Court schedule remains the focal point.
Today, the parties must file all materials relating to opposition to summary judgment motions. The filings must include briefs, Rule 56.1 counterstatements, and supporting exhibits. The parties will file the materials under a temporary seal.
Upon filing, the…
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