🔥XRP rises to $0.62 before Ripple Labs class action trial🔥
XRP peaked around $0.62 on Thursday and fell to $0.59 early Friday.
The Zakinov v. Ripple Labs class action trial is on April 15, 2024.
April is significant for XRP investors due to Ripple's SEC and class action litigation deadlines.
XRP rose beyond $0.62 on Thursday, approaching its 2024 high. A correction sent the cryptocurrency back to $0.59s early Friday.
Ripple, a cross-border financial remittance company, is fighting the SEC and a class action lawsuit by XRP investors.
See also: Court filings accuse Ripple of manipulating XRP price using bots.
The class action Zakinov v. Ripple Labs trial begins on April 15, 2024. The payment remittance business is also drafting a remedy brief and opposing papers in SEC v. Ripple.
The legal challenges have deadlines and hearings until April 2024.
XRP class action lawsuit participants were informed about phishing attacks by attorney Fred Rispoli.
If the case is settled, XRP class action participants might earn damages.
The summary ruling in the class action case may also affect the SEC's litigation against Ripple, according to Attorney Rispoli.
XRP is approaching its 2024 top of $0.64 despite Ripple's litigation.
Technical Analysis: XRP nears 2024 high
XRP might break its annual high of $0.64 if strong momentum continues. The cryptocurrency reached $0.62 on Thursday before falling to $0.59 on Friday.
XRP has been rising since February 2024. After breaking $0.60 resistance, the cryptocurrency is projected to climb to $0.64 and the November 2023 top of $0.75.
XRP price rises are supported by MACD and AO green bars.
A daily candlestick closure below the 61.8% Fibonacci retracement of the drop from the 2024 top, at $0.581, might debunk the altcoin's optimistic premise After that, XRP may find support around $0.563, the 50% retracement.
