The Securities and Exchange Commission (SEC) is poised to file its remedies-related opening brief on Friday, March 22.
XRP traders have realized over $31 million in losses since March 15. Traders are shedding their XRP holdings and on-chain activity dropped since the altcoin hit its year-to-date high. XRP price is at risk of further decline as holders anticipate developments in the lawsuit and the sealed briefings. The Securities and Exchange Commission is poised to file its remedies-related opening brief on Friday, March 22.
6% Fibonacci retracement level of the asset’s climb to its year-to-date peak. Once the altcoin collects liquidity at this level, it could see a rebound and target the $0.6886, 78.6% Fib retracement level. The red bars below the zero line on the Moving Average Convergence Divergence indicator confirm the negative momentum and RSI dropped below the neutral zone, at 48.93, at the time of writing.
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