🔥XRP rises to $0.58 as SEC requests Ripple lawsuit postponement🔥

🔥XRP rose to $0.58, approaching $0.60 objective on Wednesday.

🔥The SEC has sought a remedy briefing deadline adjustment in its Ripple case.

🔥Ripple's opposition brief deadline may be extended till April 22, 2024.

🔥In reaction to the Securities and Exchange Commission (SEC) pushing to prolong the remedies briefing date in its case against the payment remittance business, XRP rose on Wednesday.

🔥After the SEC's postponement, April 22, 2024 is the next significant date for the SEC v. Ripple litigation.

🔥To prepare the SEC's paperwork, Ripple had requested a discovery phase extension before the regulator's request.

🔥Delaying the SEC's opening brief date to March 22, 2024 and Ripple's opposition brief due to April 22, 2024 are implications of the SEC's request.

🔥The regulator will have until May 6, 2024, to respond to Ripple's opposing brief.

🔥While the SEC's request for postponement prolongs the legal struggle between the payment remittance business and the agency, it may have boosted XRPLedger's native coin.

🔥XRP rose Wednesday, approaching $0.60.
Technical Analysis: Uptrend XRP might reach $0.60.
The XRP price rose to $0.58 Wednesday. Altcoin values are rising toward $0.60. Bitcoin held over $57,000 on Wednesday as the SEC sought to postpone the remedies brief submission in the Ripple litigation. These two things may be driving XRP growth.

🔥XRP may rise to $0.6405, its 2024 high. The 78.6% Fibonacci retracement of the drop from the 2024 top at $0.6073 resists XRP's uptrend. XRP might reach a new annual high if it breaks this level.

🔥The MACD indicator and Awesome Oscillator (AO) support XRP price rises and indicate an uptrend.

🔥A daily candlestick close below the 50% retracement at $0.5629 might reject XRP's bullish thesis and send the cryptocurrency to support around $0.5446, the 38.2% Fibonacci retracement.

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