XRP extended its losing streak on Thursday. The asset slipped to $0.5208 as traders digested the recent developments in the Securities & Exchange Commission (SEC) lawsuit.
XRP struggles as SEC appeals $125 million ruling in Ripple lawsuit on Thursday. Pro-crypto attorneys and experts warn XRP traders of the impact of an appeal and how the altcoin could lose its legal clarity. XRP trades down to $0.5162, could sweep liquidity at $0.5000. XRP extended its losing streak on Thursday. The asset slipped to $0.5208 as traders digested the recent developments in the Securities & Exchange Commission lawsuit.
6000 level is an important resistance level for Ripple, and $0.5000 is a key support. XRP trades at $0.5162 at the time of writing. The Moving Average Convergence Divergence indicator flashes red histogram bars under the neutral line, signaling an underlying negative momentum in the XRP price trend. XRP/USDT daily chart A daily candlestick close above the 200-day Exponential Moving Average at $0.5556 could invalidate the bearish thesis. XRP could then rally toward the 10-day EMA at $0.
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