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XRP Drops Below $0.5250 Ahead Of Crucial Date in Ripple Vs SEC Case

Published 05/19/2024, 06:17 PM
Updated 05/19/2024, 06:45 PM
© Reuters.  XRP Drops Below $0.5250 Ahead Of Crucial Date in Ripple Vs SEC Case

  • XRP pulled back on Saturday after Friday’s 1.61% gain.
  • The embattled altcoin fell below $0.5250 amid profit-taking by investors.
  • Ripple has revealed plans to “expand heavily” in the Middle East.

XRP pulled back on Saturday, May 19, after recording slight gains a day before. A 0.46% decline by the embattled altcoin chopped off part of its Friday gains when the top altcoin rallied to $0.52932 before closing the session at $0.52358, according to data from TradingView.

Saturday’s pullback came amid Brad Garlinghouse, the Ripple CEO’s bullish comments, noting his excitement about his firm’s achievement in the last quarter. Despite Garlinghouse’s observations, XRP declined, suggesting a broader investor outlook on the events surrounding Ripple and XRP.

Following XRP’s slump in the middle of April, the altcoin has oscillated around $0.5250, swinging above and be…

The post XRP Drops Below $0.5250 Ahead Of Crucial Date in Ripple Vs SEC Case appeared first on Coin Edition.

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