XRP reaches new multimonth heights $XRP XRPholders XRPArmy XRPCommunity
XRP is also trading above the key MA 50 and 200 barriers, which have hampered its price for weeks. The daily RSI is also supporting the price move as it remains in the positive 70 range.The optimism regarding the Ripple lawsuit, which many believe will provide clarity for the crypto industry, might have also contributed.
On March 27, the CFTC filed its complaint against Binance and its CEO, citing a lack of compliance with its rules.However, positivity came as enthusiasts think the classification of major cryptocurrencies, Bitcoin, Ethereum, Litecoin and a few others as commodities in the CFTC filing against Binance might bode well for XRP.
In December 2020, the SEC filed its lawsuit against Ripple and two of its executives for unregistered security offerings as regards XRP sales.
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