What changes can the SEC cause in the Ripple (XRP) price by making a strong exit after the summary decision in the court and making a statement as “wrong decision”?
The Securities and Exchange Commission (SEC) shook the Ripple front, saying the judge had made erroneous decisions. However, the SEC has signaled that it will appeal the decision. Ripple tension, which was heated by the SEC, was directly reflected in the XRP price. Which price points are critical for XRP, which has lost more than 10 percent in the last two days?
Regions to watch in Ripple (XRP)
XRP, which started to lose strength after reaching $ 0.855, has not been able to break the falling trend yet. The major coin, which continues to lose value with the complex developments reflected in the SEC case, is currently trading at $ 0,772. Developments from the lawsuit in favor of Ripple or BTC’s upward pricing could add value to XRP. The resistance levels for XRP are $0.789 – $0.80 – 0.819 – $0.843 and $0.855, respectively.
Considering the increasing involvement of the SEC case, the risks in XRP are not over. In this period, the support zones to be followed on behalf of XRP are 0.77 – 0.75 – 0.723 and 0.701 dollars, respectively. In particular, one of the most important ranges to be considered is $ 0.731 – $ 0.723. The buyer-seller battle in this region could create greater volatility.
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