XRP price climbed to a high of $0.54 on Monday, hours before Ripple files its response to the Securities and Exchange Commission (SEC) remedies-related opening brief.
Ripple prepares to file the opposition brief against the SEC on Monday. Ripple will respond to the SEC’s demand for $2 billion in fines requested in its remedies-related opening brief. XRP climbed back above $0.50 after nearly a week of struggling to break past the level. XRP price climbed to a high of $0.54 on Monday, hours before Ripple files its response to the Securities and Exchange Commission remedies-related opening brief.
This technical indicator highlights when prices move to an extreme and helps traders spot turning points in an asset’s price. The transform crossed above the signal line, suggesting a potential bullish trend reversal and indicating a good time for sidelined buyers to buy XRP. The Average Directional Index , typically used to determine the strength and direction of the trend, reads 25.76. An ADX above 25 implies the trend is strong.
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