ICYMI: $XRP's latest rebound seems to be supported by favorable technical and investor sentiment XRP XRPnews XRPcommunity XRPArmy
, the relative strength index on XRP charts reached oversold levels, a signal that the recent heavy selling was in the process of exhausting itself, and investors might begin to look for entry point opportunities on the buy-side.
The relative strength index is a technical analysis indicator that measures the extent of recent price fluctuations to gauge whether an asset is overbought or oversold. If the RSI reading declines below 30, the asset is deemed oversold. The bigger the negative value, the greater the chances of a relief rally., CEO Brad Garlinghouse says Ripple is already operating as if it had lost the lawsuit, saying"Justice delayed is justice denied.
In the latest court ruling, Judge Analisa Torres modified the briefing schedule for Ripple and the SEC, ordering that all motions excluding expert testimony be fully briefed by the end of August. Any motions for summary judgment must be filed by September 2022. Likewise, motions for summary judgment must be fully briefed by Nov. 15, which remains yet another positive sign.
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