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On Saturday, XRP<\/a>\u00a0rose by 0.91%. Reversing a 0.93% decline from Friday, XRP ended the day at $0.47982. Despite the bullish session, XRP fell short of the $0.50 handle for the third consecutive session.<\/p>\n A bearish start to the day saw XRP fall to an early morning low of $0.46982. Steering clear of the First Major Support Level (S1) at $0.4595, XRP rose to a mid-morning high of $0.48635. However, falling short of the First Major Resistance Level (R1) at $0.4871, XRP eased back to end the day at $0.47982.<\/p>\n<\/div>\n<\/div>\n It was a quiet Saturday session, with no updates from the ongoing\u00a0SEC v Ripple<\/a>\u00a0case to provide direction. The lack of Court updates left the crypto news wires to influence the morning.<\/p>\n On Saturday, Binance<\/a> struck a deal<\/a> with the SEC to address the motion to freeze Binance US assets. The news supported a broad-based crypto rally, with investors showing relief that Binance US can remain open for business during the SEC case.<\/p>\n However, the breakout session was short-lived, with market angst over the SEC v Ripple case weighing on investor sentiment. The release of the William Hinman speech-related documents<\/a> removed hope of an SEC settlement, leaving XRP and the US digital asset space in the hands of the Courts.<\/p>\n On Saturday, Ripple CEO Brad Garlinghouse had this to say<\/a> about the Hinman docs and the SEC,<\/p>\n \u201cThe SEC is looking to kill crypto innovation in the United States and its current share. An unelected bureaucrat, I might add, is weaponizing the lack of regulatory clarity to exert jurisdiction over the entire crypto space.\u201d<\/p>\n<\/blockquote>\n Garlinghouse added,<\/p>\n \u201cThis is the definition of putting politics over people. It\u2019s the pursuit of power over sound policy. They knowingly created confusion about the rules and used that confusion to regulate by enforcement.\u201d<\/p>\n<\/blockquote>\n As the XRP Community awaits the outcome of the SEC v Ripple case, investor jitters will test buyer appetite.<\/p>\n Former Director of the SEC\u2019s San Francisco regional office Marc Fagel shared his view on the timeline for a conclusion, saying<\/a>,<\/p>\n \u201cI try to avoid speculating, but my guess is a ruling is coming within days. Even if I\u2019m wrong, there\u2019s no basis to think the delay is anything beyond the complexity of the case. I don\u2019t understand the \u2018greater confusion\u2019 point \u2013 Ripple is substantially different.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n It is a quiet Sunday session. There are no US economic indicators or Court rulings for investors to consider. The lack of SEC v Ripple<\/a> Court activity will leave investors to consider the possible outcomes of the SEC v Ripple case and its broader impact on the US digital asset space.<\/p>\n We expect increased chatter, with Brad Garlinghouse and Marc Fagel seemingly expecting Court rulings very shortly.<\/p>\n However, SEC v Binance and Coinbase<\/a>\u00a0(COIN<\/a>) case-related news will also move the dial.<\/p>\n At the time of writing, XRP was up 0.44% to $0.48194. A mixed start to the day saw XRP fall to an early morning low of $0.47448 before rising to a high of $0.48270.<\/p>\nBinance Deal with SEC Delivers Much-Needed Price Support<\/h2>\n
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The Day Ahead<\/h2>\n
XRP Price Action<\/h2>\n
XRP Technical Indicators<\/strong><\/h2>\n