Market Sentiment Turns Bullish as Ripple Fends Off SEC Setbacks
XRP Continues to Gain Momentum, Breaking Above Resistance Level
WEB XRP has remained above the 50-day and 200-day EMAs, confirming the bullish price signals. A break above the 0.5739 resistance level could give XRP further momentum.
SEC Setbacks Fail to Dampen Bullish Sentiment
Despite ongoing legal challenges with the SEC, Ripple Labs has continued to fend off setbacks. A recent court ruling in favor of Ripple has boosted market sentiment towards the company and its XRP token.
The SEC's reply brief, however, could impact buyer confidence. Nevertheless, XRP remains resilient and has shown signs of strength in recent trading sessions.
Additional Information
- XRP surged 17% after a court ruling in the case involving Ripple Labs and the US Securities and Exchange Commission (SEC).
- The court ruling could influence market sentiment toward the SEC vs. Ripple case.
- XRP increased by 1.35% on Saturday, December 2, 2023, extending its recent gains.
Comments