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Ripple (XRP) has fallen in the last three days after rejecting the high of $0.38. The decline has reached a low above the 21-day simple moving average (SMA). The bears have used this advantage to drive the altcoin down to its previous low of $0.30.
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In the latest twist in the SEC vs. Ripple lawsuit, the US Securities and Exchange Commission has retaliated against Ripple, objecting to the payment giant's attempts to redact material that it considers'sensitive and secret
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There is a bearish trend in the price of Ripple (XRP). It was on April 6 that the altcoin broke below the moving averages as it plummeted below $0.75. However, the upward correction was stalled below the 50-day SMA.
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The SEC's lawsuit against Ripple (CRYPTO:XRP) and two of its top executives is a significant development in the cryptocurrency industry.
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This morning, the price of Ripple (XRP) dropped below $0.8390, which is where it was this time last week. This is a problem for new investors and traders as the rally fades a little by little.
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At $0.89, the XRP price is stoking its FOMO flame by staying above the daily trend channel's broken line. With a more positive outlook, investors are returning to the stock market.
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Unlike bitcoin, the price of Ripple is currently rising above the $0.82 mark versus the US dollar. If the price of XRP continues to rise above $0.9, it will be a significant milestone.
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XRP has risen above $0.75 in the last 24 hours, according to the Ripple price forecast, gaining 5.21 percent.
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Ripple (XRP) has fallen in the last three days after rejecting the high of $0.38. The decline has reached a low above the 21-day simple moving average (SMA). The bears have used this advantage to drive the altcoin down to its previous low of $0.30.
