There is a rumor online that the court will accept Ripple’s offer to pay the SEC a fine of a ridiculous $10 million and close the case. Already this month.
We emphasize that these are just rumors. When they are distributed by users with the words “Ripple” or “XRP” in their name, there are reasons to be careful with them 😁#RippleCEO Brad Garlinghouse put forward this proposal on April 23, when the SEC received a major defeat in the cryptocurrency case against Debt Box.
The US Securities and Exchange Commission must submit the latest documents to the court by May 6. After which Judge Torres will decide on a fine for the sale of the XRP token to institutions.
The legal saga of SEC vs Ripple will end soon in any case. And so far there is no reason to believe that it will end badly for the company. And if so, then there is no reason not to expect#XRPgrowth above $1. How much higher is debatable. Technically, according to Fibonacci, from ATH to the Loy in the summer of 2022 - the Fibonacci level of 1.618 is $3.
Since the last analysis on April 23, the situation has not changed much. Important resistances for the end of the correction are the 50 EMA and the 200 day TF, which have formed a “Death Cross” in the area of $0.5717. And also the EMA of the 50 weekly TF (currently $0.5554).
As long as the price is below these resistances, the correction is not over; at best, we will see a range. BUT if these resistances are broken and consolidation occurs higher with a retest, the priority is growth. While there is a struggle for the volume level of $0.5147.
