XRP Price Prediction as Lawyer Provides Important Updates on Ripple vs SEC Case

The XRP price has remained relatively calm amidst the broader crypto market correction this week, experiencing only a 3% decline and trading around $0.61. According to the XRP price prediction post provided by altFINS, the price faced rejection at the $0.75 resistance level in mid-March and subsequently pulled back. 

However, they suggest that buyers could potentially find an attractive swing entry in the uptrend near the $0.57 support area, which coincides with the 200-day moving average. This potential entry point could offer an upside of around 25% back to $0.75, and if that level is breached, the price could even reach $0.92.

XRP price support and resistance levels

altFINS’ technical analysis of XRP indicates that the momentum is mixed, with the MACD line below the MACD signal line, signaling an overall bearish trend, but the RSI hovering around 50, indicating a neutral stance. Nevertheless, the rising MACD histogram bars suggest that momentum could be nearing another upswing.

In terms of support and resistance levels, the nearest support zone is identified as $0.55 (previous resistance), followed by $0.45. On the resistance side, the nearest zone is $0.75, with $0.92 being the next significant level.

It is worth noting that the XRP price is heavily influenced by the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). In this regard, James K. Filan, a lawyer closely following the case, provided updates through his tweets.

Initially, on March 19th, he announced that the parties had filed a joint sealing proposal to govern sealing issues related to the upcoming remedies-related briefing in the case. 

#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint sealing proposal “to govern sealing issues relating to the upcoming remedies-related briefing to be filed in this case.” pic.twitter.com/gaF2DLlWDN

— James K. Filan