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<ul class="news-points"> 
 <li>Judge Jed Rakoff’s dismissal of the XRP vs SEC ruling has caused investors to question XRP’s future.</li> 
 <li>XRP had fallen below the crucial support level at $0.6850 over the past 24 hours.</li> 
 <li>At press time, XRP was changing hands at $0.6712 following a 24-hour loss of 3.26%.</li> 
</ul> 
The price of <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> printed a 24-hour loss as investors began to question its long-term prospects. The future of the remittance token is no longer secure following Judge Jed Rakoff’s dismissal of the differentiation argued in the Ripple lawsuit in recent days. As a result, there is a high possibility that XRP could plummet, erasing the gains made in the previous month. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="1826" height="888" src="https://coinedition.com/wp-content/uploads/2023/08/XRP-1.png" alt="" class="wp-image-325860" srcset="https://coinedition.com/wp-content/uploads/2023/08/XRP-1.png 1826w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-313x152.png 313w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-768x373.png 768w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-1536x747.png 1536w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-696x338.png 696w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-255x124.png 255w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-414x201.png 414w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-377x183.png 377w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-328x160.png 328w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/08/XRP-1-129x63.png 129w" sizes="(max-width: 1826px) 100vw, 1826px"> 
 <figcaption class="wp-element-caption"> Daily chart for XRP/USDT (Source: <a href="https://www.tradingview.com/x/fSsLS6xU/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
 </figure> 
</div> 
XRP’s price closed yesterday’s trading session below the 20-day EMA line at $0.6893, which resulted in a continued drop to below the crucial support at $0.6850 as well. If the altcoin closes today’s trading session below this mark, it may be at risk of falling to the 50-day EMA line in the next few days. This will see it fall to $0.6241. 
This EMA line will be the remittance token’s last line of defense protecting it from a retest of the next major support level at… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrp-may-erase-its-monthly-gains-if-sec-appeals-the-verdict/">XRP May Erase Its Monthly Gains if SEC Appeals the Verdict</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP May Erase Its Monthly Gains if SEC Appeals the Verdict

Coin Edition

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