XRP slips under $0.50 as Ripple proponents slam SEC for dropping Ethereum probe

Ripple proponents have called out the SEC for dropping its investigation into Ethereum. Consensys, an Ethereum developer, shared the news of the regulator’s response to a letter. XRP is back under the $0.50 resistance in response to Ethereum’s free pass. XRP trades back below $0.50 on Wednesday as Ripple proponents like attorney Bill Morgan have lashed out at the Securities and Exchange Commission for what is being considered a “second free pass” for Ethereum.

50 yet again Ripple price has declined steadily since mid-March. The altcoin closed above the sticky resistance at $0.50 for the first time in ten days on Monday, but it is back under this key level following the news of SEC dropping its investigation into Ethereum. In case of further selling pressure, XRP risks a 5% decline to the April 19 low of $0.4665, a key support level for Ripple. XRP/USDT daily chart However, if XRP sees a daily candlestick close above $0.

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