๐จSEC Decline to Postpone Appeal Against XRP, Brief Begins Today
Alderoty informed members of the XRP community that the regulatory body, led by Gary Gensler, is still adamant about filing the brief by today. He claimed Ripple contacted the financial watchdog for an extension. The commission, however, declined.
The departing SEC chair, who will step down on January 20, was the target of Alderotyโs jab.
He emphasized January 20 as the end of Genslerโs war on cryptocurrency. The SECโs stance on cryptocurrency may change under new leadership led by pro-crypto activist Paul Atkins. Alderoty said Ripple intends to work with the SEC leadership under Trumpโs administration to settle the long-running legal dispute.
The SECโs impending appeal brief doesnโt worry investors because XRPโs price skyrocketed overnight.XRP is now trading at $2.8, down from its intraday low of $2.5 yesterday.
The remittance-based token is currently nearing the $2.90 resistance level, which is its highest price in six years, and investors anticipate it will reach a new all-time high in the coming weeks.
XRP may overcome the resistance at the $2.9 line if it keeps the upper boundary of the pennant and $2.33 as significant support levels.
After that, it might rally to confront $3.55, the strongest resistance it has ever encountered.
$XRP $XLM
Alderoty informed members of the XRP community that the regulatory body, led by Gary Gensler, is still adamant about filing the brief by today. He claimed Ripple contacted the financial watchdog for an extension. The commission, however, declined.
The departing SEC chair, who will step down on January 20, was the target of Alderotyโs jab.
He emphasized January 20 as the end of Genslerโs war on cryptocurrency. The SECโs stance on cryptocurrency may change under new leadership led by pro-crypto activist Paul Atkins. Alderoty said Ripple intends to work with the SEC leadership under Trumpโs administration to settle the long-running legal dispute.
The SECโs impending appeal brief doesnโt worry investors because XRPโs price skyrocketed overnight.XRP is now trading at $2.8, down from its intraday low of $2.5 yesterday.
The remittance-based token is currently nearing the $2.90 resistance level, which is its highest price in six years, and investors anticipate it will reach a new all-time high in the coming weeks.
XRP may overcome the resistance at the $2.9 line if it keeps the upper boundary of the pennant and $2.33 as significant support levels.
After that, it might rally to confront $3.55, the strongest resistance it has ever encountered.
$XRP $XLM
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XRP
2.2086
-0.11%
XLM
0.2728
-0.25%