Ripple (XRP) has managed to make a quick rebound at the end of the week. That said — will Ripple go bullish at least for the short term? On the chart, XRP is seen to be cascading downward. The current support zone is set at $0.33 which has helped skew the decline in price. Now, in order to stay afloat, the bulls should manage to keep Ripple’s price point above this mark. When done successfully, Ripple (XRP) will tend to move above the static resistance line; specifically at $0.55, and then move to $0.68. As of this writing, the crypto is trading at $0.430831 on Coingecko, down 16% in the last seven days. Suggested Reading | Cardano (ADA) Could Slide Back To $0.40 – But $0.68 Still Doable SEC Vs. Ripple Case – Receiving Positive Response Sunday was a good day for Ripple as it went up by 5.07% which happened following Saturday’s gain of 0.92% However, XRP ended the week on a sour note as it spiraled down by 21% to $O0.4475. XRP was down despite the positive turnout on Ripple’s court submission on Friday following the SEC v. Ripple case. Ripple has evidently filed a reply last week to SEC in relation to the William Hinman’s speech made in 2018. Hinman, ex-SEC Director of the Division of Corporation Finance, is the main or pivotal figure in this legal battle between SEC and Ripple. In Hinman’s speech in 2018, he mentioned that Bitcoin and Ethereum are not securities. SEC is now trying to cover up emails and other docume...
