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koinmilyoner
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While #XRP continues to struggle, Ripple is seeing the return of AMM. Support at $0.60, with a goal of $1 After Friday's change, Ripple's XRPLedger mainnet has AMM again. Test XRP price April 12: $0.60 support, below $0.62. Ripple CLO agreed with the Second Circuit Court of Appeals' reluctance to review, an SEC defeat. #Ripple (XRP) price is approaching psychological $0.60 support on Friday, despite Bitcoin's rise to $70,900 on April 12. Bitcoin's recent advances don't influence XRP. Ripple CLO Stuart Alderoty described a Second Circuit litigation that denied the SEC's appeal. According to the SEC, Aron Govil utilized his controlling shareholder status to force Cemtrex to commit fraud. The Second Circuit dismissed the SEC's appeal for stolen monies disgorgement. Alderoty believes the SEC lost because the Second Circuit declined to review its Govil finding that the regulator cannot disgorge the seller if the buyer suffers no financial loss. The SEC is seeking nearly $2 billion in penalties against Ripple, therefore this litigation judgment affects the case. The SEC wants punishment for the payment remittance firm's institutional XRP sales and securities law violations. It claims Ripple broke securities laws. The Govil ruling illuminates XRP investors' expectations for the SEC's Ripple case appeal. Pro Ripple attorney Bill Morgan discussed the Govil litigation and its implications on Ripple. Morgan said no decision can be made until Ripple's brief and counterarguments to SEC's motion are released. XRP falls below $0.62, fails to rally. Ripple hovers between $0.5623 and $0.6431, its April 4 low and April 9 high. The XRP price is hitting $0.60 on Friday. This psychological support for the cryptocurrency was crucial in March and April 2024. If XRP retests $0.60, it may reach $0.6431, its April 9 high. The cryptocurrency has failed to breach $0.6336 for two weeks. A daily candlestick closure below $0.6027, XRP 's 50% retracement to April 9, might debunk the bullish argument. XRP may find support between $0.5851 and $0.5386 $XRP

While #XRP continues to struggle, Ripple is seeing the return of AMM. Support at $0.60, with a goal of $1

After Friday's change, Ripple's XRPLedger mainnet has AMM again.

Test XRP price April 12: $0.60 support, below $0.62.

Ripple CLO agreed with the Second Circuit Court of Appeals' reluctance to review, an SEC defeat.

#Ripple (XRP) price is approaching psychological $0.60 support on Friday, despite Bitcoin's rise to $70,900 on April 12. Bitcoin's recent advances don't influence XRP.

Ripple CLO Stuart Alderoty described a Second Circuit litigation that denied the SEC's appeal.

According to the SEC, Aron Govil utilized his controlling shareholder status to force Cemtrex to commit fraud. The Second Circuit dismissed the SEC's appeal for stolen monies disgorgement.

Alderoty believes the SEC lost because the Second Circuit declined to review its Govil finding that the regulator cannot disgorge the seller if the buyer suffers no financial loss.

The SEC is seeking nearly $2 billion in penalties against Ripple, therefore this litigation judgment affects the case.

The SEC wants punishment for the payment remittance firm's institutional XRP sales and securities law violations. It claims Ripple broke securities laws.

The Govil ruling illuminates XRP investors' expectations for the SEC's Ripple case appeal.

Pro Ripple attorney Bill Morgan discussed the Govil litigation and its implications on Ripple. Morgan said no decision can be made until Ripple's brief and counterarguments to SEC's motion are released.

XRP falls below $0.62, fails to rally.

Ripple hovers between $0.5623 and $0.6431, its April 4 low and April 9 high. The XRP price is hitting $0.60 on Friday. This psychological support for the cryptocurrency was crucial in March and April 2024.

If XRP retests $0.60, it may reach $0.6431, its April 9 high. The cryptocurrency has failed to breach $0.6336 for two weeks.

A daily candlestick closure below $0.6027, XRP 's 50% retracement to April 9, might debunk the bullish argument. XRP may find support between $0.5851 and $0.5386

$XRP

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As $XRP Bears Push, Indicators Point to More Losses From the $0.5050 barrier zone, XRP fell again. A closing below $0.4865 might lower the price. XRP lost further and fell below $0.500. The price is below $0.4950 and the 100-hour SMA. The hourly XRP/USD chart shows a negative trend line with resistance around $0.4980 (Kraken). The pair may fall below $0.4550 soon. XRP Drops Below $0.50 Recently, XRP tried a rebound over $0.5050. But bears took over and the price fell below $0.500, like Ethereum and Bitcoin. It fell below $0.4920 and $0.4880. Price is consolidating losses after a low of $0.4867. It is around the 23.6% Fib retracement of the $0.5085 swing high to $0.4867 low decline. The price is below $0.4950 and the 100-hour SMA. Resistance around $0.4980 is immediate. On the hourly XRP/USD chart, a negative trend line with resistance at $0.4980 is formed. The 50% Fib retracement level of the decline from the $0.5085 swing high to the $0.4867 low is approaching. Near $0.500 is the first hurdle. Close over $0.500 barrier might start a significant surge. The 100-hourly Simple Moving Average and $0.5085 are next barrier. Bulls may surge toward $0.5250 if they stay above $0.5085. More advances might push price toward $0.550 barrier. More Losses? Failure to break the $0.50 resistance zone might cause XRP to fall again. Initial negative support is $0.4865. The next significant support is $0.4780. If the price breaks down and closes below $0.4780, it may accelerate downward. In this instance, the price may test $0.450. Tech Indicators The hourly MACD for XRP/USD is moving bearishly. Relative Strength Index hourly XRP/USD RSI is below 50. Key Support Levels: $0.4865, $0.4780. Major resistance levels: $0.500, $0.5085. #BTC #altcoins #XRP #Ripple
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