Ripple (XRP) executive Brad Garlinghouse is making headlines for his statement on Securities and Exchange Commission (SEC) Gary Gensler’s remarks on crypto.
Ripple CEO Brad Garlinghouse criticized SEC Chair Gensler for his statement that all crypto executives go to jail. Gensler shared his thoughts on crypto regulation and the sector’s role in the US Presidential election in a Bloomberg interview. XRP is struggling to break above resistance at $0.48 early on Wednesday. Ripple executive Brad Garlinghouse is making headlines for his statement on Securities and Exchange Commission Gary Gensler’s remarks on crypto.
The altcoin has failed to break above the 23.6% Fibonacci retracement of its decline from the March 11 top of $0.7440 to the April 13 low of $0.4188, at $0.4955. The closest support is the June 7 low of $0.4508, 5% below the current price level. The closest resistance lies at the Fair Value Gap, between $0.4825 and $0.4841. The Moving Average Convergence Divergence indicator is flashing red histogram bars under the neutral line, and the signal line has crossed above MACD.
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