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Saturday saw a 0.66% decrease in XRP. XRP finished the day at $0.5201, somewhat erasing a 2.00% gain from the previous day. For the second straight day, XRP avoided falling below $0.51 and ended the trading day near the $0.52 mark.

After a rocky start to the day, XRP climbed to a high of $0.52623 in the early morning. XRP declined to a low of $0.51712 in the early evening after failing to pass through the First Major Resistance Level (R1) around $0.5435. But XRP found late support to finish the day at $0.5201 after avoiding the First Major Support Level (S1) at $0.5077.

Regulator and legislator scrutiny continue to be obstacles

Investors were waiting for the SEC's response to Ripple's answer to the most recent SEC filing as the ongoing SEC v. Ripple lawsuit continued to garner attention. The Defendants' stance in the lawsuit was made clear in the Same-day response to the SEC filing, with the expectation that a Ripple win would support the XRP return to $0.50.

Gary Gensler confronts his struggles inside the SEC and on Capitol Hill as the SEC and Ripple square off in the courts.

In response to Gensler's request for the public's view on DeFi, Amicus Curiae attorney John Deaton provided SEC Commissioner Hester Peirce's dissent, adding, "Every member of Congress should get a copy of Commissioner Peirce's recent dissent. Her remarks were made by an active Commissioner, not by a critic like me or a company like Coinbase. Powerful.”

under response to the SEC's decision to include the DeFi sector under its purview, SEC Commissioner Hester Peirce issued a statement. Peirce said in a statement issued by the SEC that instead of embracing the promise of new technology as we have in the past, "here we propose to embrace stagnation, compel centralization, promote expatriation, and welcome extinction of new technology. Therefore, I disagree.

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