The XRP price has increased by 2% in the last 24 hours, reaching $0.369805 amidst a stagnant cryptocurrency market. Nevertheless, it has decreased by 2.5% and 10% over the past week and 30 days, respectively, due to negative market sentiment triggered by Silvergate Bank’s financial difficulties. Nonetheless, the ongoing Ripple-SEC case appears to have a positive outcome for XRP as Judge Analisa Torres has granted Ripple’s motion to exclude testimony from an SEC-proclaimed expert witness while also denying the regulator’s motion to revoke the amicus status of XRP advocate John E. Deaton. These decisions affirm that the SEC’s case is not particularly robust and that the judge may reach a judgment permitting Ripple to continue business as usual. XRP’s indicators show that it is nearing a bottom, signaling that it is soon due for a rally. If it exceeds the key resistance level of $0.37, it could indicate further gains. Furthermore, Ripple’s fundamental business remains sound, and its product, on-demand liquidity, is available in over 40 countries. If the outcome of the case favors Ripple, XRP may challenge its current all-time high, although a bullish overall market will be necessary.
