XRPUSDT 1H
It continues to accumulate, breaking 0.4632 has room for a slight rise to 0.4949, where it will find another resistance.
The SEC (US Securities and Exchange Commission) filed a lawsuit in December 2020 against Ripple Labs Inc., its subsidiary XRP II LLC and its co-founders, Brad Garlinghouse and Chris Larsen. The allegation is that Ripple sold over $1.3 billion worth of XRP as an unregistered security, in violation of US securities laws.
Since then, the process has gone through several stages, including the testimony of witnesses, the filing of motions and petitions by both parties, and hearings before the court.
On February 14, 2021, Ripple filed a motion to dismiss the lawsuit, claiming that XRP is not a security and therefore not subject to US securities laws. On March 22, 2021, the judge handling the case denied this motion, allowing the proceedings to continue.
Currently, the process is still ongoing, with both parties submitting documents and arguments to the court. The next hearing is scheduled for May 16, 2023.
Here are the supports and resistances:
Supports 0.4514 / 0.4469
Resistances 0.4629 / 0.4669
RSI: BUYER
MACD: BUYER
It continues to accumulate, breaking 0.4632 has room for a slight rise to 0.4949, where it will find another resistance.
The SEC (US Securities and Exchange Commission) filed a lawsuit in December 2020 against Ripple Labs Inc., its subsidiary XRP II LLC and its co-founders, Brad Garlinghouse and Chris Larsen. The allegation is that Ripple sold over $1.3 billion worth of XRP as an unregistered security, in violation of US securities laws.
Since then, the process has gone through several stages, including the testimony of witnesses, the filing of motions and petitions by both parties, and hearings before the court.
On February 14, 2021, Ripple filed a motion to dismiss the lawsuit, claiming that XRP is not a security and therefore not subject to US securities laws. On March 22, 2021, the judge handling the case denied this motion, allowing the proceedings to continue.
Currently, the process is still ongoing, with both parties submitting documents and arguments to the court. The next hearing is scheduled for May 16, 2023.
Here are the supports and resistances:
Supports 0.4514 / 0.4469
Resistances 0.4629 / 0.4669
RSI: BUYER
MACD: BUYER