Ripple Price Testing Trendline Support

This is a US news story, published by CoinGape, that relates primarily to Analisa Torres news.

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XRP Price Rally

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XRP price performance

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XRP Price Cracks 5% After Kickbacks in Ripple-SEC Lawsuit, What’s Next?

Summary

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XRP price crashed 5% hours after Judge Analisa Torres denied both parties in the Ripple-SEC lawsuit, the request for an indicative ruling.

Ripple CLO Stuart Alderoty assured that Ripple and the SEC would work collaboratively to address the judge's concerns.

XRP open interest has also tanked 6% to $5.08 billion , while the 24-hour liquidations have crossed to $22.86 million of which $20.37 million is in long liquidations.

The court indicated that both the SEC and Ripple would need to satisfy specific legal requirements to modify her earlier ruling.

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