Xrp moved to its highest point since November, as markets reacted to news suggesting a verdict could be near in Ripple’s case with the Securities and Exchange Commission (SEC). Cardano was also higher on Wednesday, hitting a one-month high.

XRP rose to its highest point since November, as markets continued to react to the latest news surrounding Ripple’s case with the SEC.

Following a low of $0.4199 on Tuesday, XRP/USD raced to an intraday high of $0.4914 earlier in today’s session.

This is the strongest point that the token has reached since November 6, when prices were retreating from a high above $0.50.

Overall, earlier gains have since eased, which comes as bulls failed to sustain a breakout on the 14-day relative strength index (RSI).

At the time of writing, the index is tracking at 65.14, which is below the aforementioned ceiling at 70.00.

The 10-day (red) moving average remains in an uptrend despite the margina

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Author: Eliman Dambell

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