Daily

Gains

Coin

<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

Andra artiklar publicerade 3 aug. 2023

Dogecoin Nears Milestone, 5M Active Addresses on the Horizon

Everstake Teams Up with SSV Network: A Major Step Towards Enhanced Decentralized Staking

Ripple News: Ex-CFTC Attorney Sees XRP ETF Potential Amid Rampant Crypto ETF Filings

MicroStrategy Continues Bullish Bitcoin Moves with Latest Earnings Report

Ripple CTO Shares Most Shocking Fact on XRP Ledger

Solana Ranked 9th In Terms Of 24H Users, Faces 3+% Price Drop

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!