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29 March 2024
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Ripple price ready to breakout, proponents argue the payment giant is close to a settlement


  • Ripple price prepares to breakout of its downtrend, analysts note the altcoin has built a bullish momentum. 
  • Ripple lawyers inform the court that they believe the US Securities and Exchange Commission could be concealing. 
  • Ripple’s individual defendant’s request for the extension of time to file their answers has been granted. 

Ripple price prepares for a breakout as analysts witness a rise in bullish momentum in the altcoin. Analysts predict an upswing in Ripple’s price trend, setting a target above $0.90. 

Ripple price set to continue its upward trend

Ripple price has built a bullish momentum as the altcoin marches to its 200-day Simple Moving Average above $0.90. Based on the recent updates shared by the defense lawyer, James K. Filan, April 2022 could be a decisive month in the SEC vs. Ripple case.

Ripple’s individual defendant’s request for an extension of time to file their answers has been granted. This has fueled a bullish narrative among Ripple’s investors. 

The CEO and executive of Ripple, Brad Garlinghouse and Chris Larsen, had filed a motion for the extension of time to respond to the SEC’s complaint. The extension was granted until April 8, 2022. 

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Proponents believe the individual defendant’s answer would significantly impact the altcoin’s price. Analysts have evaluated the Ripple price trend and noted a building bullish momentum in the altcoin. 

FXStreet analysts believe Ripple price is on track to breakout past $0.87. This is considered a historic pivotal level that has remained key since November 2021. Analysts argue that Ripple price could march towards the 200-day Simple Moving Average, above $0.90. 

Analysts note that Ripple price was stuck in the consolidation phase, forming lower highs and higher lows. However, the altcoin is now on a winning streak, preparing for a bullish breakout in the ongoing cycle. Analysts remain bullish on Ripple price. 

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