XRP Price Action in the Hands of the SEC and Ripple Public Filings

XRP increased on Sunday by 0.75%. XRP fell by 1.64% to $0.46902 at the close of the week after rising by 0.94% on Saturday. Although XRP increased its winning streak to three sessions, it finished the day below $0.50 for the sixteenth session in a row.

XRP saw a negative morning, dropping to a low of $0.45176 by late morning. Before reversing course and reaching a late high of $0.47199, XRP breached the First Major Support Level (S1) at $0.4580. However, XRP slipped back to conclude the day at less than $0.47 after hitting the First Major Resistance Level (R1) at $0.4718.

The SEC v. Ripple case failed to produce a breakout session due to investor pessimism, thus the wider market had to offer guidance.

Investors are waiting for the court's response to the SEC's attempt to protect the Hinman Docs.

The SEC and the Defendants are expected to submit public, redacted copies of the opposing papers today after a hectic close to last week.

Investors will have a sense of what to anticipate from the documents before the court date on November 15. Parties will submit their temporary sealed summary judgment reply briefs on November 15.

Investors must also consider the most recent SEC request on the papers relating to the Hinman speech as they wait for the filings from November 15.

The SEC submitted two versions of Director Bill Hinman's speech from June 2018—which discusses upcoming decisions before the Commission—for "in camera review recommended redactions" on Friday.

The SEC is attempting an other strategy to stop certain material from entering the public domain after failing to protect the documents linked to the Hinman speech under the attorney-client privilege. A further decision against the SEC should enhance the price of XRP.

XRP Price Movement

XRP was up 0.47% to $0.47124 at the time of writing. After a choppy start to the day, XRP climbed to a high of $0.47322 before falling to an early low of $0.46775.