XRP Price Crash : Peter Brandt Issues Dire Warning Amid Ripple vs SEC Drama

Quick Summary:

The whale investors are betting on an inevitable XRP bullish breakout in the near term after consolidating in a triangular pattern for the past six years.

Despite an indecisive weekly close, the XRP price has regained crucial support levels, including the weekly 50 and 200 Moving Averages (MAs).

Meanwhile, the US SEC had previously requested the court to issue a fine of about $102 million to Ripple for violating securities laws through XRP sales to institutions.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Price Analysis News Altcoins Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 01:51:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21892233

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Main Topics: Crypto

Official Website: coinpedia.org

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Headquarters: United States

News Last Updated: 13 hours ago

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