XRP Investors Await an SEC v Ripple Court Decision on the Hinman Docs
On Tuesday, XRP rose by 1.74%. Partially reversing a 3.32% slide from Monday, XRP ended the day at $0.46134. Notably, XRP rose for the fourth time in five sessions. A bearish start to the day saw XRP fall to an early low of $0.44351. Finding support at the First Major Support Level (S1) at $0.4432, XRP rallied to a late afternoon high of $0.47259.
Bullish sentiment from the broader crypto market provided XRP price support on Tuesday. However, the Tuesday gain was modest relative to its top-ten peers. Investor sentiment towards the SEC v Ripple case remained cautious, limiting the upside. Recent Amicus brief filings have given the Court a view from a different lens vis-à-vis the uses of XRP. Companies, including I-Remit, TapJets, and SpendDBits, filed Amicus briefs demonstrating how XRP fails to satisfy the third prong of the Howey Test.
Source
https://t.me/Cronos_Cardano_Ripple
