XRP struggles under $0.50 while lawsuit against Ripple CEO goes to trial

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XRP struggles under $0.50 while lawsuit against Ripple CEO goes to trial
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XRP remains range-bound under the $0.50 resistance on Friday after news that Ripple CEO Brad Garlinghouse will have to face a trial in California regarding some statements he made in 2017.

Ripple CEO Brad Garlinghouse faces trial in connection with statements made in a 2017 interview. Ripple proponents unpack the impact of the trial on the SEC vs. Ripple lawsuit development and past rulings. XRP is stuck under $0.50 after two consecutive days of failure to break past the resistance.

crossed over the signal line on Tuesday, providing a bullish sign that however has still yet to materialize. XRP/USDT 1-day chart A close below the Fair Value Gap’s lower boundary at $0.4813 could invalidate the bullish, prompting further losses for XRP. In this case, Ripple could find support at the June 7 low of $0.4551, a level that has been respected for over two months.

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