XRP News Today: XRP gains where SEC re -encryption rules

Canceling the guidance will be another batch of XRP and the broader encryption market. These SEC directions have provided the basis for targeting encryption companies.

SEC opposite Ripple: Appeals, Corner Appeals, and Settlements

The review may facilitate the withdrawal of the appeal in the case of ripples. CEO of Ripple Brad Garlinghouse recently Declare SEC will withdraw its appeal in the XRP code challenge to rule. However, so far, SEC has been silent on its appeal plans.

After that, I announced Ripple appeal Conditions of withdrawal and settlement resulting from Judge Anjia Torres The final ruling. The chief legal official at Ribel Stewart Aldouti shared the settlement details. Both parties agreed to remove the XRP sales of institutional investors and a lesser sentence of $ 50 million. However, the conditions for the final settlement will stop on the Supreme Education Council, which officially ends its appeal and withdraws its cross appeal.

XRP price expectations depend on the SEC resumption and ETF

The XRP path in the short term depends on the withdrawal of the Appeals of the Supreme Education Council, the final judgment, and the potential approval of XRP-SPOT discussions.

XRP price scenarios:

• The climbing scenarioThe official SEC appeal withdrawal, a favorable settlement, and the increasing demand for Ripple products can push XRP to the highest level ever at $ 3,5505. Approval of ETFS XRP-SPOT points may increase the fueling of institutional demand, pushing prices about 5 dollars.
• Detate scenarioDelay in the withdrawal of appeal, uncertainty about the settlement, renewal of appeal procedures, or rejecting XRP-Spot discussions that can weigh feelings, which risk a decrease less than the level of $ 1.50.

XRP work rates

Daily chart

Despite the three -day winning chain, XRP remains less than 50 days moving average (Ema), Sending the hibbodian price signals. However, XRP is still trading over EMA for 200 days, providing long -term support.

A 50 -day EMA step can open the door to the highest level on March 19 at $ 2.5925. If XRP takes a decisive step above $ 2.5925, the bulls may target the highest level on January 16 at $ 3.3999.

On the contrary, the XRP decrease is less than $ 2 and EMA for 200 days will achieve the support level of $ 1.9299 to play.

With the 14 -day relative index (RSI) reading 43.12, XRP can be less than 200 days before entering the sale area (RSI less than 30).