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What’s Happening? XRP Price Prediction amid SEC and Ripple’s.

XRP Price Prediction amid SEC and Ripple

On Tuesday, XRP’s price, the cryptocurrency that operates the XRP Ledger developed by US fintech firm Ripple, remained low XRP Price Prediction amid SEC and Ripple’s. .

Despite speculations spreading on social media that Ripple and the SEC have planned an unannounced meeting for next Monday What’s Happening?

XRP Price Prediction amid SEC and Ripple’s Secret Meeting Rumors.

XRP failed to gain momentum and was last traded at just below $0.46, down by approximately 1.5% for the day, nearly 6% compared to last week’s peak, and about 15% since the beginning of April.

In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, accusing the company of issuing XRP tokens as an unregistered security.

Ripple has denied the charges XRP Price Prediction amid SEC and Ripple’s.

On Tuesday, there were rumors circulating on social media about a secret meeting between Ripple and the SEC scheduled for the following Monday, leading some to speculate that a settlement to the lawsuit might be discussed.

What’s Happening? XRP Price Prediction amid SEC and Ripple’s Secret Meeting Rumors.

However, the market did not react to these rumors, indicating that many traders do not believe them to be true.

XRP Price Forecast – What’s in Store for XRP?

XRP has been experiencing a downtrend since the beginning of last month and is currently trading below XRP Price Prediction amid SEC and Ripple’s.

its 21 and 50-day moving averages XRP Price Prediction amid SEC and Ripple’s.

As a result, XRP’s near-term technical outlook seems pessimistic, and there is a risk of further losses.

At present, it appears that XRP may retest the 200-day moving average in the $0.41 range.

XRP price continues to fall as rumors of a secret meeting between Ripple and the SEC circulate on social media.

What’s Happening? XRP Price Prediction amid SEC and Ripple’s Secret Meeting Rumors.

Despite this, XRP failed to pick up, trading just under $0.46, down around 1.5% on the day, and close to 15% since the start of April XRP Price Prediction amid SEC and Ripple’s..

The SEC sued Ripple in December 2020 for allegedly issuing unregistered securities, which Ripple has denied XRP Price Prediction amid SEC and Ripple’s.

While observers speculate that the rumored meeting might lead to a potential settlement

, the market’s lack of response suggests that most traders consider the rumors untrue.

Although Ripple CEO Brad Garlinghouse predicts the lawsuit’s resolution in the first half of 2022, XRP’s near-term technical outlook is bleak, with a risk of further losses.

The cryptocurrency is currently in a downtrend channel, below its 21 and 50-day moving averages, and at risk of retesting the 200-day moving average in the $0.41s XRP Price Prediction amid SEC and Ripple’s.

. Additionally, XRP’s failure to break significantly above the downtrend linking the 2021 highs indicates that the bear market might not be over.

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