Anticipating Ripple-SEC Verdict: XRP (XRP) Investor Sentiment Takes a Hit – Key Reasons Unveiled

• The upcoming SEC hearing could significantly impact XRP’s value, either propelling it higher or dragging it down further.
• Despite the uncertainty, many traders are choosing to open long XRP positions.
• As the hearing approaches, bullish sentiment around the token has decreased.

As the SEC hearing looms, the future of XRP hangs in the balance. Traders are betting on a positive outcome, but the market sentiment suggests caution.

SEC Hearing: A Turning Point for XRP?

The U.S. Securities and Exchange Commission (SEC) is set to respond to Ripple’s remedy-related opposing brief on the 6th of May. The outcome of this hearing could significantly impact the value of XRP, Ripple’s native token. Over the weekend, there were no updates on the matter, allowing XRP to bank on the $0.49 support and hit $0.52. However, the price could fluctuate depending on the hearing’s outcome.

Traders Betting on Positive Outcome

Despite the uncertainty surrounding the hearing, many traders are choosing to open long XRP positions. This is evident from the positive Funding R... Read the full article for FREE at COINOTAG!