SEC vs. $XRP - A price action timeline (March 16th)

16 mar 2021

Price of XRP in relation to news about SEC lawsuit
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple (XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.


Technical Analysis

Fibonacci: ↘ XRP briefly touched the 0.618 ceiling earlier this day and is currently retracing back to the 0.500 line.
RSI: ↗ Currently moving upwards at 52.67
MACD: 🔀 Signaling a cross-over on the daily chart
Key levels:

• 0.52636 - Strong resistance
  
• 0.49718 - Nearest resistance
  
• 0.46962 - Nearest support
  
• 0.43762 - Stronger support
  
• 0.42723 - Lower support (long term trend line)
  

Todays top stories:
https://www.crypto-news-flash.com/judge-denies-motion-to-intervene-by-xrp-holders-in-ripple-vs-sec-case/
https://bitcoinexchangeguide.com/ripples-brad-garlinghouse-chris-larsen-demand-sec-provide-docs-on-bitcoin-and-ethereum/
https://www.financemagnates.com/cryptocurrency/news/xrp-whale-transfers-745-million-coins/


Any donations will keep me motivated to expand this overview!
Donate me a ☕ at XRP wallet address: rG8WkRMcpwkRGsmy8mDiygNAiCar5M4SoT