Amid the market-wide difficulties for the ອຸດສາຫະກໍາ cryptocurrency, XRP is looking at a glint of hope as it awaits the court’s decision in the summary judgement in the legal battle that its issuer, Ripple, has been fighting against the U.S. Securities and Exchange Commission (SEC).
Specifically, in order to achieve a more significant price growth, XRP needs to break above the critical level at $0.40, after which it can expect a move upward toward around $0.45, pseudonymous ການຊື້ຂາຍ crypto ຜູ້ຊ່ຽວຊານ Altcoin Sherpa stressed in the ການວິເຄາະ ໃນເດືອນພະຈິກ 29.
Effects of Ripple’s wins
After both the SEC ແລະ Ripple Labs filed motions for a summary judgment on September 17, they were given until November 30 to hand in their summary judgment documents, set to be made public five days later, the court documents show.
Upon the filings, XRP had rallied, as it later did after the ruling on the ການມອບເອກະສານ Hinman ແລະ ການອະນຸມັດເອກະສານຫຍໍ້ຂອງ amici, demonstrating the significant influence that the developments in the case exercised on the price of the decentralized finance (Defi) ເຄື່ອງໝາຍ.
Should the judge in the widely publicized case, Analisa Torres of the U.S. District Court for the Southern District of New York, decide in favour of the blockchain company, it could act as a powerful momentum for the price of XRP, both in terms of breaking the ຄວາມຕ້ານທານ and spiking a strong ເພີ່ມຂຶ້ນ ດໍາເນີນການ.
ການວິເຄາະລາຄາ XRP
Meanwhile, XRP was at press time trading at $0.3912, recording an increase of 3.25% across the previous 24 hours and 5.54% over the week, despite the loss of 15.08% on its monthly chart, as per data retrieved on November 29.
As the deadline for the summary judgment draws near, XRP has received an influx to its market capitalization in the amount of $1 billion in one week, currently standing at $19.68 billion, according to CoinMarketCap ຂໍ້ມູນ.
ປະຕິເສດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນຖືວ່າເປັນຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/key-xrp-price-level-to-break-ahead-of-sec-v-ripple-summary-judgment/