Brad Garlinghouse Foresight Causes Upbeat in Ripple’s Investors

The continuing legal dispute between Ripple and the US Securities and Exchange Commission (SEC), according to Chief Executive Officer of Ripple Brad Garlinghouse, will be resolved within a few weeks. His optimism is a result of the recent court ruling about the release of the Hinman emails to the public.

John E. Deaton, a lawyer and managing partner of the Deaton law firm, responded with laughter and a good luck message to Garlinghouse’s prediction. In his tweet, Deaton also tagged the names of well-known attorneys James K. Filan and Jeremy Hogan. It is important to note that XRP is likely to experience a price increase as the case’s final decision approaches because the majority of investors are still confident in its outcome.

Key XRP Levels To Watch – May 26

The hammer candlestick created after the price hit the $0.30000 support showed that the selling pressure was already exhausted. The bulls pushed the price upward until the $0.41200 resistance was tested. Following a correction from the $0.41200 resistance, XRPUSD resumed its uptrend as the bulls pulled the price upward again.

According to the Stochastic Oscillator, the market is in an overbought state as it enters a Fair Value Gap (FVG) at the premium. However, the overall trend is still bullish, and the uptrend might continue after a short-term correction into the FVG at the discount.

XRP Key Levels

Resistance Levels: $0.49400, $0.58500, $0.75200
Support Levels: $0.41200, $0.35400, $0.30000

Total Market Capitalization: $1.12T
XRP Market Capitalization: $24.41B
XRP Volume: $0.89B
Market Rank: #6

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