XRP price slid to $0.61 on Friday, extending a week-long correction after Monday’s surge. The Harvard Law School discussed the SEC’s enforcement in 2023 and highlighted the regulator’s high-profile loss in the Ripple lawsuit. The opening brief deadline for the regulator is March 22. XRP price is down nearly 5% on Friday, extending a week-long correction since hitting its year-to-date high at $0.7440 on Monday.
5758 level could invalidate the long-term recovery thesis for XRP and suggest further correction in the altcoin. The February low of $0.53 could become relevant as support for XRP. SEC vs Ripple lawsuit FAQs Is XRP a security? It depends on the transaction, according to a court ruling released on July 14: For institutional investors or over-the-counter sales, XRP is a security.
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