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Possible SEC decision sends Ripple price higher

The XRP price is currently escaping the downturn in the crypto market and is up 3.3% in value despite the downward trend.

By Luc Vesters
• 2 min read
Possible SEC decision sends Ripple price higher

The XRP price is currently escaping the downturn in the crypto market and is up 3.3% in value despite the downtrend.

The reason: as Ripple's lawyer stated in a View post on X, a final court decision is expected soon. This could bring the historic case to an end. In the wake of this news, Ripple appears to have overcome the downtrend after several failed attempts in the recent period.

Now it's up to the bulls to confirm the breakout and push the XRP price back above the horizontal resistance at $0.409. If this resistance is reclaimed, it would put the previous month's high of $0.430 under traders' focus as a guiding move. A move higher above that would shift the zone around $0.485 into traders' focus.

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