[ad_1]
\n<\/p>\n
On Saturday, XRP<\/a>\u00a0slid by 5.76%. Reversing a 2.67% gain from Friday, XRP ended the day at $0.50711. Significantly XRP revisited sub-$0.48 for the first time since May 29.<\/p>\n A mixed start to the day saw XRP rise to an early morning high of $0.53852. Falling short of the First Major Resistance Level (R1) at $0.5460, XRP fell to a mid-morning low of $0.47522. XRP fell through the Major Support levels before a move through S3 ($0.4923) to end the day at $0.50711.<\/p>\n<\/div>\n<\/div>\n It was a quiet Saturday session, with no\u00a0SEC v Ripple<\/a>\u00a0Court rulings or filings to draw interest. The lack of case-related news left XRP investors to reflect on the events from the week and what lies ahead.<\/p>\n Ripple Chief Legal Officer Stuart Alderoty shared his views on the SEC and registration with the SEC, saying<\/a>,<\/p>\n \u201cThe SEC issues stop orders blocking registration statements when they\u2019re untrue. One that says \u2018I am not registering as a broker-dealer, a securities exchange, or an ATS because I am not trading securities\u2019 should have been blocked if the SEC believed that statement was untrue.\u201d<\/p>\n<\/blockquote>\n While the SEC v Ripple case remains the focal point,\u00a0news<\/a>\u00a0of SEC Nigeria ordering\u00a0Binance<\/a>\u00a0Nigeria to cease soliciting Nigerian investors was bearish. However, Binance pausing<\/a> US dollar deposits and suspending withdrawals remained the key drivers.<\/p>\n<\/div>\n<\/div>\n There are no US economic indicators to consider, leaving investors to monitor the crypto new wires for SEC v Ripple<\/a>, SEC v Binance, and\u00a0SEC-Coinbase<\/a>\u00a0(COIN<\/a>)-related news.<\/p>\n Following the news of SEC Nigeria ordering Binance Nigeria to cease soliciting Nigerian investors, other regulators could follow suit.<\/p>\n In the final hour, the NASDAQ mini will also influence. Investors have a busy week ahead on the US economic calendar. On Tuesday, the US CPI Report could decide the outcome of the FOMC meeting on Wednesday. Sticky inflation would support a more hawkish Fed policy outlook.<\/p>\n While the US CPI Report and the Fed will move the dial, investors also await the imminent release of the infamous William Hinman\u00a0speech-related documents<\/a> (June 13). The content of the docs could have a material impact on the SEC v Ripple case.<\/p>\n At the time of writing, XRP was down 0.10% to $0.50660. A mixed start to the day saw XRP fall to an early low of $0.50540 before rising to a high of $0.50896.<\/p>\n Resistance & Support Levels<\/em><\/strong><\/p>\nSEC v Ripple Silence Leaves XRP in the Hands of the Bears<\/h2>\n
\n
The Day Ahead<\/h2>\n
XRP Price Action<\/h2>\n
Technical Indicators<\/strong><\/h2>\n