XRP has been struggling to maintain its upward momentum following Judge Torres’ summary judgment that XRP is not a security. This has caused investors to sell off their holdings, and a large whale has moved 29 million XRP, valued at over $15 million, to a crypto exchange. This has caused the XRP price to decline and breach crucial support levels of $0.6 and $0.5.The trial between Ripple and the SEC is expected to occur around the end of April or mid-May. This led to a rebound in the XRP price, but the bullish momentum was not sustained. Over the past 24 hours, the value of XRP declined by over 3%, currently trading at $0.51. The trading volume has also witnessed a decrease in the past 24 hours. Crypto Banter’s Ran Neuner has criticized Ripple, but tipped his hat to ZachXBT for his work.
| Information |
Details |
| Geography |
North America |
| Countries |
|
| Sentiment |
negative |
| Relevance Score |
8 |
| People |
Brad Garlinghouse, Chris Larsen, Judge Torres, Ran Neuner, ZachXBT |
| Companies |
Ripple Labs, SEC, Bitstamp, Bitso, Crypto Banter, ZachXBT |
| Currencies |
XRP, Bitcoin, Ethereum, USD, Bitstamp |
| Securities |
None |
