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<ul class="news-points">
 <li>XRP price dips below $0.60 amid SEC-Ripple lawsuit, hinting at a bearish outlook with the potential to drop to $0.54.</li>
 <li>Over 14,000 large XRP transfers by whales in 10 days correlate with price decline.</li>
 <li>Technical analysis suggests XRP could reverse the downtrend if it closes above $0.60.</li>
</ul>
The <a href="https://coinedition.com/ripple-xrp-price-prediction/" rel="noopener noreferrer nofollow">XRP</a> token experienced a price decline, breaching the $0.60 support level amidst the ongoing legal tussle between the Securities and Exchange Commission <a href="https://coinedition.com/ripple-lawsuit-sec-requests-deadline-extension-for-filing-briefs/" rel="noopener noreferrer nofollow">(SEC) and Ripple</a>. This downturn follows the recent joint filing by both parties of a <a href="https://twitter.com/FilanLaw/status/1770208424195653722" target="_blank" rel="noopener noreferrer nofollow">sealing proposal</a> concerning the remedies-related brief set for March 22. As the case progresses, market analysts speculate further losses for XRP, potentially reaching $0.54.&nbsp;
The <a href="https://coinedition.com/ripple-ceo-garlinghouse-face-lawsuit-for-alleged-sale-of-securities/" rel="noopener noreferrer nofollow">lawsuit’s</a> impact on XRP’s market position is evident, with the native token of the XRPLedger showing signs of a sustained downtrend. This is particularly noteworthy as Ripple and the SEC prepare for critical submissions in their legal battle. The joint sealing proposal, aimed at addressing sealing issues for upcoming briefs, suggests that details of these documents will remain confidential until at least March 26.
Market movements have also been influenced by si…
The post <a href="https://coinedition.com/xrp-price-slump-below-0-60-amid-sec-ripple-lawsuit/" rel="noopener noreferrer nofollow">XRP Price Slump Below $0.60 Amid SEC-Ripple Lawsuit</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Price Slump Below $0.60 Amid SEC-Ripple Lawsuit

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