XRP struggles to make a comeback above sticky resistance at $0.50 on Monday as traders continue to assess the legal skirmishes between blockchain firm Ripple and the US Securities and Exchange Commission (SEC).
Ripple Chief Legal Officer says that SEC seems to have abandoned its “absurd demand” of a $2 billion penalty. The SEC’s latest reply to the judge suggests a fine of around $100 million, above the $10 million ceiling that Ripple considers fair. XRP trades broadly steady on Monday, facing sticky resistance at $0.50. XRP struggles to make a comeback above sticky resistance at $0.
#Ripple #XRP @SECGov has responded to @Ripple’s letter regarding the TerraForm Labs Consent Judgment. pic.twitter.com/VvGSJffwa8 — James K. Filan June 14, 2024 Technical analysis: XRP struggles to break sticky resistance at $0.50 Ripple wiped out nearly 2% of its value last week while attempting to recover from its decline on Monday. The altcoin hasn’t been able to break past resistance at $0.50, failing to close above this level nearly all days during last week. XRP trades at $0.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple advances 1 billion XRP commitment through XRPL Japan-Korea Fund, ranges below $0.50Ripple (XRP) announced the launch of the XRP Ledger Japan-Korea Fund.
Read more »
XRP Case: Ripple Hits Back at SEC Using TerraForm Labs RulingIn XRP legal saga, Ripple leverages TerraForm Labs case to counter SEC's penalties
Read more »
XRP stuck below $0.50 despite Ripple’s three big announcements this weekRipple (XRP) made three major announcements this week. Despite the bullish developments, XRP is struggling to break past resistance at $0.50.
Read more »
XRP Plummets Below $0.5 but Bulls Looking Eager to Recover (Ripple Price Analysis)Crypto Blog
Read more »
XRP hovers at $0.50 amidst ETF hopes, Ripple CEO comments on meme coinsRipple (XRP) is embroiled in a legal battle with the US Securities and Exchange Commission for nearly four years.
Read more »
Ripple CTO Issues Critical Scam Warning to XRP ArmyTop-ranking Ripple executive warns XRP community against this scam threat on X app
Read more »