XRP price climbed 3.70% in the past week and declined slightly on Monday as the SEC v.
XRP price noted a drop of 0.76% on Monday as the SEC lawsuit entered the final week of remedies-related discovery phase. A federal judge granted Ripple an extension of remedies-related discovery deadline and moved it to February 20, 2024. Crypto expert states SEC v. Ripple lawsuit could end as early as 2024 or see a push to 2028 if either party appeals to the Supreme Court. Ripple lawsuit entered its final week of the discovery phase.
5629 XRP price dipped slightly on Monday, however the technical indicators show that the altcoin is likely to rally. XRP price is $0.5223 on Binance, at the time of writing. The green bars on the Awesome Oscillator and the Moving Average Convergence/ Divergence support the thesis of gains in XRP price. XRP price faces resistance at R1, $0.5629. This level is key to XRP since it represents the 50% Fibonacci Retracement of the decline from the 2024 high to the January 31 low of $0.4853.
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