$XRP

The legal battle between the SEC and Ripple is nearing its final resolution, with a joint request to postpone the appeals in the case being approved.

The cryptocurrency community expects Paul Atkins to take the oath as the head of the SEC and his swift decisions regarding ETF applications for XRP.

XRP faces increasing downside risks below $2.00, with the Relative Strength Index (RSI) remaining stuck below the midpoint and heading towards oversold territory.

Ripple's (XRP) price is hovering above the critical $2.00 level while trading at $2.05 at the time of writing this report on Friday, reflecting neutral sentiment across the cryptocurrency market. Investors have tempered their expectations amid the trade war initiated by US President Donald Trump, which has significantly turned into a larger trade war between the US and China. XRP bulls have shown resilience despite changing macroeconomic factors, indicating that a bullish shift may be imminent.