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Uncertainty on Ripple and SEC Case Could Contribute to XRP Volatility

Uncertainties from the lawsuit between Ripple and the SEC could contribute to XRP’s volatility in the near term.

The growing uncertainties surrounding the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) will likely contribute to rising volatility for XRP. This volatility could see the asset eclipse the $0.40 zone or slip to $0.35 depending on whose favor subsequent rulings fall.

XRP has been in a consolidation phase since the beginning of the month, as price movements and on-chain metrics gradually slipped to the bearish territory, with the asset losing four out of the last five sessions. The Crypto Basic highlighted the possibility of consolidation below the $0.40 zone following the reply briefs from the SEC and Ripple, as uncertainties abound.

(By Albert Brown)

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