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The popular cryptocurrency Ripple (XRP) has been working hard not to fall below the $0.60 line again in the last 24 hours.
As of 10:55 pm on April 4 (Korean time), the market cap of the 7th place cryptocurrency Ripple (XRP) in CoinMarket Cap is recording $0.6068, down 5.26% from the previous 24 hours.
The XRP token price has soared to $0.65, over $0.60, a strong resistance amid the bullish trend, over the past few days, but immediately turned to a downtrend, temporarily below $0.59, and is now looking for a direction at the $0.60 line.
On the day, AMB Crypto, a cryptocurrency specialty media, diagnosed, “The current Ripple market has turned strong, but the price volatility is also growing. If Ripple enters an overbought area and loses momentum, it could fall to $0.4236 due to price adjustment.”
On the other hand, analyst Rakesh Upadhyay, a contributor to the cryptocurrency media, Coin Telegraph, said, “Ripple bulls (buyers) have an overhead resistance of $0.65 (meaning the second resistance level after breaking above the first resistance line). ) Or higher, the price of the XRP/USDT pair could rise to $0.78 and then $1.”
However, he predicted that “if the ripple price turns downward and falls below the 20th exponential moving average (EMA·$0.53 line), the bullish view becomes invalid. In this case, the ripple price will remain between $0.42 and $0.65.”
Meanwhile, according to the cryptocurrency media, YouTube, the U.S. Securities and Exchange Commission (SEC) agreed to amend some of the documents that included the confidentiality of Ripple and the privacy of executives by accepting the “request for confidentiality protection” submitted by Ripple to the local court Agreed. Accordingly, Reflaps submitted the revised document to local court judge Sarah Netburn.
Earlier, Ripple had requested a judge to seal some of its confidential and privacy documents confidentially, and the SEC said, “Ripple is hiding important facts related to this lawsuit. The 1933 Securities Act mandated the obligation to disclose investor protection to investors. “We are not keeping it,” he said, saying he rejected the request of Ripple.