Ripple (XRP) holds steady above $0.5100 on Monday. The native token of the XRP Ledger noted no significant price change for the day.
XRP trades at $0.5169 on Monday, with prices little moved compared with the previous day. Former SEC enforcement lawyer Ladan Stewart criticized the agency and the Biden administration’s approach to crypto regulation. Stewart says that even though there are people interested in working with the regulator, they feel it is not possible. Ripple holds steady above $0.5100 on Monday. The native token of the XRP Ledger noted no significant price change for the day.
Technical analysis: XRP could decline 7% XRP has been in a downward trend since its March 11 high of $0.7440. The altcoin could sweep liquidity at $0.4780, which represents the lower boundary of a Fair Value Gap and the July 12 high. The Moving Average Convergence Divergence indicator flashes red histogram bars under the neutral line, signaling a negative underlying momentum in the XRP price trend. XRP/USDT daily chart If XRP sees a daily candlestick above resistance at $0.
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