Ripple Price Analysis — May 3
It has been another bullish few days for Ripple (XRP), despite the absence of any stimulating factor from Friday’s court hearing.
The case between the Securities and Exchange Commission (SEC) and Ripple Labs has been uneventful for a while now, but that did not stop the XRP from trading higher on Friday and maintaining a bullish outlook through the weekend.
That said, investors’ focus is now trained on Thursday, May 6, when a closed session is expected to hold.
The SEC and Ripple have been in a legal battle since December, last year because Ripple allegedly offered illegal token sales. Despite many other cryptocurrencies sharing similar qualities with XRP, the SEC’s motivation to go after Ripple eludes many, and the outcome of this case would set the tone for the entire industry.
The case got initiated by the...
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