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On Saturday,\u00a0XRP<\/a>\u00a0rose by 2.41%. Following a 2.86% gain on Friday, XRP ended the day at $0.39505. Significantly, XRP revisited $0.40 for the first time since December 1 and extended the winning streak to seven sessions.<\/p>\n A bullish start to the day saw XRP rally to a mid-morning high of $0.40840 before hitting reverse. XRP broke through the First Major Resistance Level (R1) at $0.3922 and the Second Major Resistance Level (R2) at $0.3986. The reversal saw XRP slide to a late morning low of $0.37633.<\/p>\n<\/div>\n<\/div>\n However, steering clear of the First Major Support Level (S1) at $0.3738, XRP broke back through R1 to end the day at $0.39505.<\/p>\n It was a busy Saturday session for XRP investors. The bullish momentum from Friday continued into Saturday morning. Easing FTX contagion risk delivered a return to $0.40.<\/p>\n Hopes of a favorable outcome to the SEC v Ripple<\/a> case contributed to the upside. However, the session gain was modest relative to the top ten front runners, suggesting investor caution. On Friday, the parties filed<\/a> the Daubert Motions. A Daubert motion is a motion that aims to exclude the presentation of expert testimony to a jury.<\/p>\n The filings will turn the focus of attention to the Court, with several Court rulings pending.<\/p>\n While Friday\u2019s filings focused on expert testimony, the William Hinman speech-related documents remain a focal point. A ruling against the SEC to redact selected sections of the speech-related documents could force the SEC into a settlement.<\/p>\n As background, former SEC Director of the Division of Corporation Finance William Hinman said that Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>) are not securities. The contentious issue with the speech related to Hinman\u2019s connection with Simpson Thacher, which is part of a group that promotes Enterprise Ethereum. After leaving the SEC, Hinman returned to Simpson Thacher.<\/p>\n Today, there are unlikely to be any updates from the SEC v Ripple case to influence, leaving XRP in the hands of the broader crypto market. With XRP enjoying a seven-day winning streak, XRP could succumb to profit-taking before continuing its move toward $0.45. Unlike many cryptos, XRP has yet to reverse the losses stemming from the collapse of FTX.<\/p>\n<\/div>\n<\/div>\n At the time of writing, XRP was down 1.61% to $0.38870. A bearish start to the day saw XRP fall from an early high of $0.39610 to a low of $0.38511.<\/p>\nInvestor Sentiment Toward the SEC v Ripple Case and FTX Delivers $0.40<\/h2>\n
XRP Price Action<\/h2>\n
Technical Indicators<\/strong><\/h2>\n