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May 11, 2021 09:41 GMTCrypto News XRP price crashed nearly 20% as the market slipped into a momentary downswing on Monday. This downswing sliced through the immediate demand barrier and could test the 200 SMA at $1.16. A decisive close below $0.941 will invalidate the bullish outlook. XRP price was among many altcoins that crashed as Bitcoin price shed roughly 9% on Monday. While Ripple seems to be recovering, there could be another leg down before the markets start to recover. XRP price at a pivotal point On the 4-hour chart, XRP price has sliced through the immediate demand barrier’s lowe...
Ripple says it will be sued by the SEC, in what the company calls a parting shot at the crypto industry Fortune 12/22/2020 © (Photographer: Wei Leng Tay/Bloomberg via Getty Images) Ripple, one of the most important companies in the cryptocurrency industry, said Monday evening that the Securities and Exchange Commission is poised to file a bombshell lawsuit against the company over the alleged sale of unlicensed securities. The lawsuit will also name Ripple CEO Brad Garlinghouse and cofounder Chris Larsen as defendants, according to Garlinghouse, who told Fortune the agency will file the ...