Ripple Attempts Recovery, Why XRP Could Revisit $1.022
According to the CEO of Ripple, Brad Garlinghouse, the 2020 lawsuit filed against his blockchain payments company by the US Securities and Exchange Commission was moving in the right direction. The SEC filed that the company sold about $1.3 billion worth of XRP, which the SEC called unlicensed securities; however, Ripple maintains that XRP cannot be classified as a security.
Ripple Technical Outlook – XRP to Revisit $1.02 Resistance
Daily Technical Levels
Support Resistance
0.91488 0.99609
0.86074 1.02316
0.83367 1.07730
Pivot Point: 0.94195
Still, the downward trendline on the 4-hour timeframe is likely to act as a resistance at 1.0210. The breakout of the 1.0210 resistance level could drive a bullish trend until the 1.056 and 1.1051 levels. So let’s keep an eye on $1.020 as bearish bias dominates below this level and vice versa. Good luck!
Read More: Ripple Attempts Recovery, Why XRP Could Revisit $1.022