🔶 On the anniversary of the ruling that XRP is not a security in the case against the Securities and Exchange Commission (SEC), the cryptocurrency regained the support level of $0.50. This occurred after losing support and undergoing a prolonged consolidation below the $0.60 mark.
🔶 Crypto analyst Dark Defender suggested that the rebound from the support level of $0.3917 strengthened investor confidence. According to the analysis, the next critical price target for XRP is $0.6649. A breakout above this resistance is crucial for the continuation of XRP’s bullish trend.
🔶 Judge Analisa Torres highlighted the status of XRP Ledger’s native token as a security. In her ruling, she distinguished between institutional sales and secondary market sales of XRP, stating that the latter are not considered securities.