In the wake of the ongoing SEC v Ripple case, Ripple's digital currency, XRP, managed to maintain its position above the 50-day and 200-day Exponential Moving Averages (EMAs) today. Despite the lack of a joint briefing schedule, which could potentially impact market sentiment, XRP held steady. Bulls are eyeing a potential surge towards Monday's high of $0.7328, provided it can surpass the resistance level of $0.7047.

On Wednesday, XRP witnessed a marginal rise of 0.25% after Tuesday's significant 4.10% dip, closing at $0.6873. This occurred amidst the ongoing legal proceedings between the SEC and Ripple. The two parties were due to present a proposal as per Judge Torres' order, but indications of non-progress signal a contested briefing schedule.

Earlier in the week, Metaco – a company previously purchased by Ripple – announced HSBC's digital asset service for institutional clients investing in tokenized securities. This development highlights Ripple's continued influence in the digital asset space despite ongoing legal challenges.

https://www.investing.com/news/cryptocurrency-news/ripples-xrp-maintains-position-despite-sec-case-uncertainty-93CH-3228200