Ripple (XRP) made a comeback above key psychological resistance early on Wednesday.
Ripple lawsuit is awaiting final ruling, Mark Cuban hinted at Kamala Harris’ nomination influencing crypto regulation in the US. The SEC alleges that the payment remittance firm has violated securities laws, Ripple CEO said in a recent interview that a resolution is close. XRP extends gains by 5% on Wednesday, surges to $0.62. Ripple made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund launch.
XRP is likely to extend gains by 10.77% and hit its $0.70 target. The altcoin could find support at $0.5797 and $0.6058 . The momentum indicator, Moving Average Convergence Divergence , supports XRP gains. The green histogram bars correspond with underlying positive momentum in Ripple’s price trend. XRP/USDT daily chart A daily candlestick close under $0.6058 could invalidate the bullish thesis for XRP.
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