Ripple price continues to resist attempts by sellers to drop prices below the year’s lows, even as exchange after exchange continues to delist the XRPUSD pair and other XRP token pairs from their platforms.
The latest of the exchange delistings occurred yesterday, when Binance.US announced it would be delisting XRP from its exchange in January 2021, citing the SEC’s lawsuit against the Ripple token. So far, several prominent exchanges across the world have delisted XRP from their platforms; OkEX and Coinbase being among them.
But not everyone is pleased with these developments. An alleged client of Coinbase has filed a class action lawsuit against the exchange, citing the exchange for “illegally” selling him XRP tokens as a security. This is according to legal documents filed in a California District Court on December 30.
Ripple price is up 5.46% today after it stubbornly bounced off support at 0.21288 (9 July high in role reversal). It met resistance at 0.23137, before retreating slightly intraday.
A break of this resistance targets 0.27247 (11 August low and 14 November high), with 0.30984 forming the next upside target.
On the flip side, a breakdown of 0.21288 is needed to send the Ripple price below the 20 cents mark. This move has 0.17451 as its next downside target, with 0.16153 lining up as an additional support.
