Main notes
- Justin W. Kenner claims it is “decisive evidence” in a ripple suit against SEC.
- The Securities and Stock Exchange held a closed meeting on April 3, but no word was revealed about Ripple.
- XRP can be disrupted to $ 1.30, according to a prominent analyst over Martinez. .
On April 3, the unexpected emergency file was presented by Justin W. Kenner, who claimed to have “decisive evidence” that could affect the results of the Ripple Labs Labs against the long SEC.
🚨NEW: A strange file now in Secgov Opposite @ripple Docket – The emergency request “providing decisive evidence for the benefit of the defendants and the freedom of the American people.”
The message, from a man named Justin W. Kenner, does not explain the so -called … pic.twitter.com/aqsdfiw6gi
Eleanorterrett April 3, 2025
In the emergency file, Kenner claimed that his royal data on material investment contracts may be important for Ripple, the encryption sector and even Congress. He was previously fined with more than $ 10 million to treat unregistered shares by the US Securities Regulatory.
This is the pioneer in the American company Coinbase submitting a file to the American Commodity Futures Trading Committee (CFTC) for futures trading for the first time in the fourth largest digital asset. The product is expected to be launched on April 21.
Closed door meeting
SEC held a closed meeting on the third of April, which led to speculation that the agency would drop the software sales of the XRP argument, which did not occur. No official speech was issued by the organizer on the lawsuit, leaving the market to fold.
In the midst of organizational uncertainty, XRP turned into a rise of 3.92 % to $ 2.06 last day. Altcoin decreased by 17 % in the last 30 days, and failed to restore the price of $ 3 despite many attempts.
XRP price analysis
On the technical front, the daily chart below confirms that XRP faced resistance on the 20 -day SIA moving average (EMA) of $ 2.22. Bollinger (BB) domains show an emphasis, indicating a possible outbreak approaching.
If the bottom support is at $ 1.96 is strong, then there is a possible re -test to resist the middle domain ($ 2.27) and the upper transition ($ 2.5). The price of $ 2 needs to keep strongly to confirm the next stage.
Source: TradingView
However, the RSI Index (RSI) in 38.71 indicates twice the momentum, tends towards homosexuality.
If XRP fails to restore EMA for 20 days, this may be divided into less than immediate support at $ 2.02 and $ 1.95, which is likely to accelerate a downward step.
Head and shoulder style
The famous analyst Ali Martinez has set the collapse of a head and shoulder in the XRP price structure, expecting a possible decrease of about $ 1.30.
The head and shoulder style is a well -known reflection indicator indicating a transformation in momentum. Based on the graph, the neck line was hacked around the level of $ 2.10, which is validated by the pattern.
$ Xrp It comes out of the head and shoulder style, putting the way for a possible step to $ 1.30! pic.twitter.com/l5rle4exic
Ali (ali_charts) April 4, 2025
The measuring step of the head and openings pattern is calculated by taking the height from the head (about $ 3.20) to the neck line ($ 2.10) and dropping this drop, which leads to a possible goal of about $ 1.30.
On the return of this landfill, the Dark Defender analyst is still optimistic, arguing that the XRP RSI is still in a positive position and that it is still inside the Elliot Outside wave structure.
Hello, this is the monthly update of the framework to the update that you shared in the first week of February.
We have no change in #Bullish #xrp.
RSI bullish. The wave has been completed.
We expect the B wave to be about 3 dollars, and the wa wave may exceed by following up the goals at $ 5.85. (NFA)
short… pic.twitter.com/mhbe1dt02j
– Dark Defender (Defenddark) April 4, 2025
According to him, the constant correction is just a wave before the strong motivation moves about $ 3 and even a long -term goal of $ 5.85.
Its short goals include $ 2.22 and $ 2.55, indicating a potential upward step if XRP can restore key resistance levels.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.