Cryptoknowmics
2022-11-08 09:43:54

XRP Technical Analysis: Amidst SEC Lawsuit, Ripple Enters Bearish Trend

The technical indicators display a bullish reversal with a downtrend pushing the XRP price to drop below $0.42350. Amid the rumors that Twitter, a social media giant, may adopt Ripple (XRP) for its payment interface after the acquisition of the former by the billionaire and business tycoon Elon Musk, the XRP returned to the bearish area. However, the investors are optimistic about XRP as they hope it will win the lawsuit against the Securities and Exchange Commission (SEC). As the crypto market began the week with a sharp decline, XRP has not been the exception which dropped 6.59% in the The post XRP Technical Analysis: Amidst SEC Lawsuit, Ripple Enters Bearish Trend appeared first on Cryptoknowmics-Crypto News and Media Platform.

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