The storm in the crypto market in the past weeks has been replaced by silence. While the general negative mood in the market continues Ripple (XRP) investors, SEC He is waiting with hope for the summary decision of the court in his case.
Both sides of the SEC-XRP lawsuit filed a petition with the court for summary judgment on September 17. The court, on the other hand, asked both parties to submit summary resolutions by November 30. Factors such as the Hinman documents and friendly briefing files uncovered in the case increase the likelihood that the Ripple side will win.
Ripple Limited Affected by Drops
Ripple’s native token XRP price following the summary decision filing on September 17 bitcoin and Ethereum rose while depreciating.
According to the data, since mid-September, the BTC-ETH pair lost 16.80% and 18% respectively, while Ripple investors made a profit of 19.45%.
As the key date for the summary decision approaches, Twitter’s phenomenon analysts Altcoin Sherpashared important levels for XRP with tens of thousands of followers.
$XRP: if this breaks, I target .45ish. #Ripple #XRP pic.twitter.com/YF1cQ277n1
— Altcoin Sherpa (@AltcoinSherpa) November 29, 2022
The crypto phenomenon emphasized the importance of the $0.40 resistance on the chart he shared. According to Sherpa, if Ripple crosses this level, its first target will be the $0.45 level.
While $XRP has gained 7% in the last week, it is on the first day of the week on a daily basis.
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