On 9 August, Judge Torres released the Pretrial Scheduling Order for the SEC vs Ripple case to go to trial. Considering XRP's partial win in July, the altcoin's price action remained bleak and at the mercy of the bears. Will the coming days bring in some change?
Judge Torres’ order stated that the SEC and Ripple are expected to submit their blackout dates for the said trial to go into motion. Furthermore, both parties are expected to submit their respective motions by 4 December and oppositions by 18 December inBoth parties are also expected to submit all required pretrial filings. These include proposed joint pretrial orders, requests to charge, and verdict forms.
However, data from CoinMarketCap indicated that XRP wasn’t in the best of spirits as it traded 5.20% lower in the last seven days.Although XRP was trading 1.29% higher than its opening price on 9 August, indicators weren’t exactly in tandem. At press time, the Moving Average Convergence Divergence indicated that the bearish crossover was in full swing. Furthermore, the MACD indicator was all set to make a journey to the other side of the neutral line.
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