XRP Price Prediction as Judge Tries to Ban Prominent XRP Advocate in Court – What's Going On?

cryptonews.com:

The XRP price has risen by 2% in the past 24 hours, reaching $0.369805 after the cryptocurrency market barely moved overnight. 

The coin has fallen by 2.5% in the past week and by 10% in the last 30 days, caught up in the negative market sentiment that has arisen out of the news of Silvergate Bank's financial difficulties.

However, the ongoing Ripple-SEC case looks as though it could end up having a positive outcome for XRP. 

Judge Analisa Torres has granted Ripple's motion to exclude testimony from a so-called expert witness called by the SEC, while she has also denied the regulator's motion to revoke the amicus status of popular XRP advocate John E. Deaton.

This confirms suspicions that the SEC's case isn't especially strong, and that the judge may reach a judgment that enables Ripple to continue its business as before.

XRP's indicators are close to a bottom, signalling that it's due a rebound sooner or later.

Its 30-day moving average (red) has recently fallen below its 200-day average (blue), and the further it sinks the likelier a recovery rally becomes.

At the same time, XRP's relative strength index (purple) has dropped to 40, indicating that it's close to becoming oversold.

The key resistance level today is $0.37, a price which may signal further gains if XRP could decisively break through it.

Based on the recent news from the long-running Ripple-SEC case, the coin could indeed mount a sustained rally in the not-too distant future.

As noted above, two recent rulings have gone Ripple's way in the past couple of days, with Judge Analisa Torres granting the firm's motion to remove Patrick Doody as an expert witness.

The SEC had called on Doody to provide testimony and analysis of the likely expectations of the 'average' XRP