XRP Price Stalls At $0.6 As SEC Appeal Looms, But Here’s A Crypto Top Traders Are Buying For Exponential Gains
The XRP price dropped 3% in the last 24 hours to trade at $0.6047 as of 03:49 a.m. EST on trading volume that plunged 50% to $2.6 billion. This comes as the U.S. Securities and Exchange Commission (SEC) hints at a looming appeal after District Judge Analisa Torres ordered Ripple to pay a $125 million fine, while the SEC had sought a much larger penalty of $2 billion. The SEC may still be considering appealing certain aspects of the case. After a sustained surge this week, XRP now trades within the $0.60 range. Can XRP surge above the currency resistance? XRP Price To Continue Rallying The XRP price dropped from the $0.65 resistance to the $0.47 support from August 1 to August 6, according to data from GeckoTerminal . The bulls, however, capitalized on this support to push the token back to the resistance zone, forming a complete rounding bottom pattern. XRP price aims for a rally above the pattern, as the price now trades above both the 50-day and 200-day Simple Moving Averages (...