Ripple (XRP) traders continue to digest the Securities & Exchange Commission’s (SEC) recent lawsuit ruling.
Ripple ’s Chief Legal Officer, Stuart Alderoty, says that public verdict in SEC lawsuit is in and the firm is a clear winner. SEC spokesperson claimed victory in the final lawsuit ruling and said that the fine totaled more than 12 times the amount suggested by Ripple . XRP hovers close to $0.60, up 4.9% in the last seven days. Ripple traders continue to digest the Securities & Exchange Commission’s recent lawsuit ruling.
60, a key psychological level for the altcoin. XRP is likely to extend gains by 10.8% to $0.6602, the 50% Fibonacci retracement of the decline from the July 13 top of $0.9380 to the July 5 low of $0.3823. The Relative Strength Index reads 55.74, above the neutral level, which is more ammo for bulls. XRP/USDT daily chart XRP could find support in the Fair Value Gap between $0.5845 and $0.5875.
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