XRP in for a Choppy Session as Hinman Doc Countdown Begins
Nasdaq FXEmpire.com -
Key Insights:
- On Friday, XRP bucked the broader market trend, rising 2.67% to end the day at $0.53812.
- Investor sentiment toward the SEC v Ripple case and the platforms progress beyond the US borders provided support.
- The technical indicators are bullish, signaling a return to $0.55.
On Friday, XRProse by 2.67%. Following a 1.12% gain on Thursday, XRP ended the day at $0.53812. Significantly XRP avoided sub-$0.52 for the first time since March 31.
A mixed start to the day saw XRP fall to a mid-morning low of $0.52064. Steering clear of the First Major Support Level (S1) at $0.5176, XRP rose to an early afternoon high of $0.54117. XRP broke through the First Major Resistance Level (R1) at $0.5292 and the Second Major Resistance Level (2) at $0.5342 to end the day at $0.53812.
XRP Community Brushes Aside SEC Moves on SEC v Ripple Optimism
It was another quiet session on Friday. There were noSEC v RippleCourt rulings or filings to influence investor sentiment. The lack of case-related news left investors looking forward to the imminent release of the infamous William Hinmanspeech-related documents.
