$XRP successfully breaks local resistance level second time this month and now aims at new highs
Despite all of the commission's attempts, Ripple will most likely win in the process and finally prove that it is not a security, hence, it will avoid regulatory crackdown from the SEC. The current scenario plays out in favor of the coin since a lot of market participants still identify XRP with Ripple.From a technical perspective, XRP is breaking through the important resistance level reflected in the 200-day moving average.
Generally, Bitcoin is moving in the local downtrend and will most likely continue this tendency while the U.S. dollar is rallying against a bracket of foreign currencies.
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