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On Sunday, XRP<\/a>\u00a0rose by 1.45%. Following a 0.91% gain on Saturday, XRP ended the week down 6.56% to $0.48678. Despite the bullish session, XRP fell short of the $0.50 handle for the fourth consecutive session.<\/p>\n A bearish start to the day saw XRP fall to a first-hour low of $0.47448. Steering clear of the First Major Support Level (S1) at $0.4710, XRP rose to an early evening high of $0.49750. XRP broke through the First Major Resistance Level (R1) at $0.4875 and the Second Major Resistance Level (R2) at $0.4952 before easing back to end the day at $0.48678.<\/p>\n<\/div>\n<\/div>\n It was a quiet Sunday. There were no updates from the ongoing\u00a0SEC v Ripple<\/a>\u00a0case to provide direction. The lack of Court updates left case-related chatter to draw interest at the end of the week.<\/p>\n BitGo CEO Mike Belshe talked SEC v Ripple over the weekend, saying<\/a>,<\/p>\n \u201cMy desire for Ripple to win is not for a love of XRP, but to enable regulatory change would have accommodated innovation like Bitcoin.\u201d<\/p>\n<\/blockquote>\n While the crypto community continues to voice support for Ripple in the interest of the broader market, uncertainty toward the outcome of the SEC v Ripple case lingers.<\/p>\n Former Director of the SEC\u2019s San Francisco regional office Marc Fagel responded to community questions on the SEC v Ripple case and the chances of a settlement, saying<\/a>,<\/p>\n \u201cA settlement wouldn\u2019t be legal precedent. But if there were a settlement to be had, it seems it would\u2019ve happened already (not that eve-of-trial settlements are unusual). Presumably, the impact of an injunction on future XRP sales is a sticking point.\u201d<\/p>\n<\/blockquote>\n Fagel spoke earlier on timelines for Court rulings, 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 The increased chatter will test investor sentiment, with hopes of a settlement having faded after the release of the William Hinman speech-related documents<\/a>.<\/p>\n<\/div>\n<\/div>\n It is a quiet Monday session. There are no US economic indicators or Court rulings for investors to consider, with the US markets closed for Juneteenth Day. The lack of SEC v Ripple Court activity will leave SEC v Ripple-case-related chatter to provide direction.<\/p>\n However, SEC activity and 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 down 0.29% to $0.48535. A mixed start to the day saw XRP rise to an early high of $0.48763 before falling to a low of $0.48531.<\/p>\nSEC v Ripple Chatter Delivers Much-Needed Support<\/h2>\n
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The Day Ahead<\/h2>\n
XRP Price Action<\/h2>\n
Technical Indicators<\/strong><\/h2>\n