#XRP币 vs. SEC lawsuit enters trial, is it a bull run or a crash?

Ripple securities lawsuit is coming to an end as the judge moves the case to trial and dismisses the class action lawsuit against Ripple. XRP may soon reach $0.6.

Highlights:

1. The SEC gave in and cut the proposed fine from $2 billion to $102.6 million.

2. According to the SEC's settlement with TFL, Ripple requested a fine of up to $10 million.

3. XRP Chief Legal Officer Stuart Alderoty questions the integrity of the SEC

Xrp has recently hovered around $0.48. Daily trading volume has also surged by 9%, indicating an increase in recent market activity. Among other factors, this increase may be due to the latest developments in Ripple's lawsuit against the SEC, which is mostly favorable to Ripple.

XRP price has been trading below the 50-day and 200-day simple moving averages (SMAs) for a while now. Although this is not bullish for XRP, it has been in a consolidation zone for the past few months, establishing a strong support base.

The relative strength index (RSI 14) is below the midpoint of 43. It has been struggling to stay above the 50 level, briefly breaching it a few times in the past. This is an indicator that bulls are struggling. The RSI line (purple) is also above its moving average (yellow), suggesting that XRP may find some support around the 40 level.

XRP has enough room to rise and reclaim $0.6 and is currently facing some resistance around $0.51-0.54. On the other hand, 0.45 provides a strong support barrier, below which XRP could find support at $0.42-0.38. $XRP