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Ripple files move to seal remedies-related papers, XRP rises beyond $0.50.
Ripple sealed SEC records in its application for judgment and remedies on May 13.
SEC has claimed it did not oppose Ripple's request to seal papers.
XRP rose 0.51% over $0.50 on Tuesday.
The money remittance service filed a move to narrowly seal remedies-phase records in the SEC action against Ripple.
In its May 13 application, Ripple says that the SEC has previously said that it does not oppose the firm's request to seal records in the remedies phase and safeguard affected parties.
Ripple requested narrowly targeted redactions to the remedies motion briefs and related documents before the Omnibus letter filing date of May 13.
According to the complaint, Ripple wants to redact information that might affect the payment remittance provider, innocent third parties, and non-party workers.
The business wants modest redaction of its audited financial statements and associated documentation.
The cross-border payment remittance service claims its certified financial documents show its long-term strategies, income streams, and spending structures to rivals and consumers. Therefore, the corporation requests modest redactions to safeguard its interests.
Weekly, XRP/USDT is negative. Ripple overcame $0.50 resistance, but it faces resistance above $0.50. Red histogram bars below the neutral line on the weekly Moving Average Convergence Divergence (MACD) indicator indicate negative XRP price momentum.
Weekly, XRP might sweep liquidity at $0.4784, the April 29 low. RSI is 43.35 with no notable divergence.
The cryptocurrency might rise over 5% to $0.5294 on Ripple's 1-day XRP/USDT chart. After breaching over $0.5015 on Monday, XRP has found support. Ripple's 23.6% Fibonacci retracement from its March 11 high of $0.7429 and April 13 low of $0.4269 is $0.5015.
RSI is below 50, with no lower-timeframe divergence.
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