Ripple CTO addresses claims that the firm concealed XRP sales from the public

Securities and Exchange Commission (SEC) is expected to file its remedies-related opening brief in the Ripple lawsuit on Friday.

Ripple’s CTO David Schwartz spoke on the state of XRP Ledger in a Ripple Space. Schwartz thwarted claims that the payment remittance firm was looking to conceal its XRP sales from the public. SEC to file opening brief under seal, in lawsuit against Ripple. XRP price could revisit its year-to-date high as it recoups losses. Securities and Exchange Commission is expected to file its remedies-related opening brief in the Ripple lawsuit on Friday.

The Moving Average Convergence/ Divergence indicator is flashing red bars below the zero line, meaning that there is negative momentum. XRP’s recovery is an uphill battle and the altcoin needs sustained demand from traders, buying pressure, to push the altcoin higher. XRP/USDT 1-day chart In the downside scenario, XRP price could suffer a correction to $0.6057, the 78.6% Fibonacci retracement level and the March 20 low of $0.5681.

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