XRP hits new highs amid Ripple-SEC case uncertainty.
TL;DR Summary
XRP's price surged by nearly 15% to $0.58, its highest level in ten months, outperforming Bitcoin and Ether in the past 24 hours. The Commodity Futures Trading Commission (CFTC) referred to Bitcoin, Ether, and Litecoin as "commodities" in its court filing against Binance, but did not mention XRP. The lawsuit will likely conclude by the end of March, with legal experts believing Ripple has a chance to win. However, technical indicators suggest a possible 35% correction in XRP's price after the SEC vs. Ripple ruling, with a downside price target around $0.38 in April.
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