XRP returned to focus after a major legal update in its long battle with the US Securities and Stock Exchange Committee. On April 16, the Court of Appeal in the second circle granted the joint proposal from both Ripple and SEC to appeal.
This temporary suspension effectively stops to more litigation activity, with SEC now to submit a case report within 60 days. Although it is not the complete separation, the decision cools down immediate legal certainty and society considers it as possible annexation if the organizational narration of XRP has been determined for years.
Technical setting offers XRP prices
On the artistic side, XRP is just higher than SMA for 200 days at $ 1.91, where the price is currently hovering about $ 2.07. Although it fell slightly after testing $ 2.11, the structure remains intact to continue if the main support levels are held.
Bollinger ranges narrowing, indicating the expansion of possible volatility in the future. It is given the price near the upper range and sits on 9 EMA and 20 SMA Cluster ranges between $ 2.06-2.08, indicating that the moment of making or imminent superiority.
The momentum indicators offer a mixed but optimistic image with caution. RSI recovers towards the level of 50 neutral, currently at 46.99, while the oscillating of the stochastic remains high at 73.11, which hints that the purchase interest continues in the short term.
MACD is flattened with slightly bullish tilt, narrowing and imposing a sign, but is still higher than scratch, indicating the underlying upper momentum that has not yet relaxed.
