Ripple (XRP) and Securities and Exchange Commission (SEC) are gearing up for the Final Pretrial Conference on April 16, at a New York court.
SEC vs. Ripple lawsuit is likely to enter its final pretrial conference on Tuesday under Judge Sarah Netburn. XRP holders and proponents anticipate settlement talks between the two parties to avoid the trial phase. XRP price is struggling to overcome resistance at $0.50, falling to $0.48 on Tuesday. XRP is struggling with resistance at $0.50 as Ripple and the US Securities and Exchange Commission are gearing up for the final pretrial conference on Tuesday at a New York court.
XRP price could surge to $0.5310, the 50% Fibonacci retracement level of the aforementioned decline from April 9 to April 13. Further up, the altcoin faces resistance at the psychologically important $0.60 level in its path to the April 9 local top at $0.6431. SEC vs Ripple lawsuit FAQs Is XRP a security? It depends on the transaction, according to a court ruling released on July 14: For institutional investors or over-the-counter sales, XRP is a security.
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