Coin Gabbar Token

<h2 id="header-0">Due to some technical indicators, the XRP price appears to flash a &#34;sell signal&#34; as the legal dispute between Ripple and the SEC intensifies.</h2><p>XRP, Ripple&#39;s cross-border settlement cryptocurrency, has recently been on a short-term relief rally after having a completely unpredictable year. The price of XRP has responded fervently to the most recent developments in the courtroom since the <a href="https://www.coingabbar.com/en/crypto-currency-news/ripple-scores-another-victory-judge-partially-rejects-secs-request" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC) vs. Ripple</a> case began in December 2020. In anticipation of the lawsuit&#39;s verdict, the cryptocurrency is currently consolidating around the $0.35 mark.</p><h3 id="is-the-price-of-xrp-risky">Is The Price Of XRP Risky?</h3><p>The price of XRP, however, may see a halt in its surge as a result of several technical signs, according to cryptocurrency specialist Ali Martinez, who uses the Twitter handle &#64;ali charts. The TD (Tom Denmark) Sequential, a useful tool for determining the precise moment of trend exhaustion and price reversal, is showing a strong &#34;sell signal,&#34; according to Ali, on the four-hour price chart for XRP</p><p>Additionally, he noted that due to the development of a bearish divergence against the Relative Strength Index, investors can anticipate a bearish pattern for XRP, the sixth-largest cryptocurrency (RSI).</p><h4>The case Verdict Will Establish a precedent</h4><p>In actuality, despite recent price gains, the outcome of the ongoing litigation between Ripple and the SEC will largely decide the fundamental value of XRP. Following the conclusion of the final submissions made by both parties to the case, the regulator filed a move to seal specific documents, which has caused the lawsuit to heat up.</p><p>Famous cryptocurrency analysts predict significant price growth for XRP in the event that the legal case is successfully settled. January Walker, a politician and congressional candidate in the US, recently emphasised the significance of the prospect that Ripple could outwit the SEC in the ongoing conflict.</p><h4>XRP Boosts Market Value Of BUSD</h4><p>In addition to the legal ambiguity, XRP just flipped BUSD to take over sixth place in terms of market valuation. The number of XRP whales and shark addresses holding 1 million to 10 million tokens just reached a new all-time high. This comes after intense whale activity was seen.</p><p>At the time of writing, according to CoinGabbar, the price of <a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" rel="noopener noreferrer nofollow">XRP </a>is trading at about $0.3689, up 0.18% over the previous hour and a stunning 7% over the previous week.</p>

XRP Price Signals "Sell" as SEC vs Ripple Verdict Nears

Table of Contents

Coingabbar

Other articles published on Jan 2, 2023

Flux Creates a Bridge Between Web2 and Web3 with OVHcloud Partnership

Bulls Seize Drivers Seat in AXS Market, Will It Hold the Resistance?

24 Hrs Crypto Update, Dec 27: Global Crypto Market Shows Bearish Momentum

BNB Chain Spotlight: Hooked

Indian Govt Plans to Launch Crypto Awareness Campaign

MetaRuffy starts Daily Livestream / Podcast (6 pm) UTC

Join our free newsletter for daily crypto updates!