CandleFocus XRP gains nearly 2% as traders digest SEC appeal timeline in lawsuit
2024-10-17
Author: Content Editor
Ripple's XRP is trading above $0.5400, with the recent Ripple Swell event announcements and the SEC vs. Ripple lawsuit's appeal process and timeline being key factors influencing the market. The altcoin has been trading in a rangebound manner between $0.4319 and $0.6649 for the past two and a half months. There is potential for XRP to extend its gains by 8.42% and reach the $0.6000 level. The MACD indicator has recently turned bullish, indicating positive momentum for XRP. Support for XRP could be found in the Fair Value Gap between $0.4780 and $0.5136. Bitcoin dominance, which measures Bitcoin's market capitalization compared to the total market capitalization of all cryptocurrencies, can indicate investor interest and influence altcoin rallies.
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