XRP investors have kept their breath. The US Securities and Stock Exchange Commission (SEC) and Ripple, which is presented to the proceedings between Ripple, aroused a great impact on the market. After this development, the XRP price is difficult to defend critical support of $ 2.02.
As of today, the price of XRP decreased by 1.3 %to $ 2.05. However, the price continues to stay in the consolidation zone between 2 and $ 2,10. These new developments indicate that the volatility will increase and the price can be harder than this narrow range. As Kriptokoin.com, we convey the details…
What does the “unusual file ında mean in the XRP case?
Justin Keener, a person named Justin Keener, was unexpected. Keener announced that he offers “definite evidence ında in favor of Ripple. However, the content of the documents has not yet been shared with the public.
Keener was previously sued by SEC on the grounds of “Penny Stock” sales and sentenced to more than $ 10 million. Despite this past, the impact of the documents on the case process is a matter of curiosity. The XRP community closely follows the developments before the final decision to be announced on April 16th.
Coinbase move can increase XRP volatility
On the Ripple price, not only the case process, but also Coinbase’s XRP futures move can be effective. After the application to the CFTC, XRP futures are expected to start on April 21st.
This move can increase the interest of corporate investor. Furthermore, it can make XRP a more attractive product in order to hedge the risks of investors. According to experts, this can create a high -way pressure on the price.
What do the technical indicators say?
XRP’s daily price graph indicates a decrease trend. In particular, the falling triangular formation indicates a harsh decline of 48 %if the price hangs below $ 2.
With this decrease, XRP can be expected to decrease to $ 1.04. In addition, there is a risk of erasing the gains that have been accumulated for months in case of landing under 200 -day EMA support. RSI shows that the sellers are still 39 and the sellers are active.
But there is hope: can the price return?
Despite all these negative signals, the light of hope in the XRP price is still burning. Especially on April 16, the expected final decision on the Ripple-SEC case and Coinbase’s futures move may cause the price to recover again.
Investors carefully monitor both technical signals and news flow. Every detail in the case process can determine the direction of XRP. Therefore, the coming days can be the scene of critical developments for Ripple.
