XRP price dropped to $0.61 on Friday, continuing its decline from Monday's high. 📉
Harvard Law School reviewed SEC's actions in 2023, noting its loss in the Ripple case. 🎓
SEC has until March 22 to submit their opening brief. ⏰
XRP's price fell by almost 5% on Friday, marking a week of correction since its peak on Monday. 📉
The broader crypto market retreat adds pressure as traders anticipate SEC's deadline on March 22. 💼
Daily digest market movers: SEC braces for crucial deadline post Ripple case loss 📰
SEC's deadline for the opening brief is March 22, with XRP already down to $0.61. 💼
SEC took 46 enforcement actions against crypto firms in 2023, up 53% from 2022. 🔍
Harvard Law discussed SEC vs. Ripple, focusing on crypto's regulatory status. 🤝
In July ruling, Judge ruled Ripple's XRP sale not securities sale, termed "high profile loss." ⚖️
Technical Analysis: XRP could recover losses 📊
XRP hit $0.61 low, finding support at $0.6117, but could drop further to $0.5758. 🔍
Recovery possible if XRP surpasses $0.7440 high, RSI at 52.99 signals investor indecision. 📈
AO's green bars suggest positive momentum despite correction, but close below $0.5758 may signal further decline. 🚦
$0.53 might serve as support if correction deepens. 💰
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