Ripple hovers around $0.53 as SEC files its reply under seal, XRP holders await public redacted versions

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Ripple hovers around $0.53 as SEC files its reply under seal, XRP holders await public redacted versions
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Ripple (XRP) lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal.

Ripple lawsuit sees SEC file its reply under seal, alongside supporting exhibits. The documents’ public redacted versions will be filed by Wednesday, May 8. XRP is hovering around $0.53 after rallying to a $0.57 high on Monday. Ripple lawsuit’s latest development is Securities and Exchange Commission filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8.

53, a key level for XRP in the past five days. The green histogram bars on the Moving Average Convergence Divergence indicator and the recent crossover above the signal line, support XRP price gains. XRP faces immediate resistance at $0.5574, the 61.8% Fibonacci retracement level of the decline between April 9 top of $0.6431 to April 13 low of $0.4188. XRP/USDT 1-day chart XRP could find support at $0.50 in the event of a decline in price.

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