Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level. SOL price started a fresh decline from the $172 resistance zone against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana Price Dips Again Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum . SOL gained pace and traded below the $160 support level. The price even traded below the $155 level. A low was formed near $150 and the price recently started a recovery wave. There was a move above the $155 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $150 low. Solana is now trading below $160 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $160 level and the trend line. The next major resistance is near the $165 level. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $150 low. The main resistance could be $170. A successful close above the $170 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level. Another Decline in SOL? If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone. The first major support is near the $152 level. A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $152. Major Resistance Levels – $160 and $162.
The post ‘XRP Has No Legal Clarity’: Expert Calls It Crypto’s Biggest Lie, Says XRP Is Clearer Than Bitcoin appeared first on Coinpedia Fintech News The long-running legal battle between the SEC and Ripple just took another dramatic turn. Judge Analisa Torres, who has been overseeing the case, has rejected a joint request from both Ripple and the SEC that aimed to wrap up the lawsuit once and for all. This latest move means the fight isn’t over yet. The rejected filing was meant to adjust the penalty terms against Ripple and then clear the way for both sides to pull back their appeals. But Judge Torres wasn’t having it. Does XRP Have Legal Clarity? To add to the drama, there’s been a fresh claim doing the rounds online suggesting “XRP has no legal clarity” and lacks institutional backing. The post claimed no major CBDCs run on XRPL, and that only Bitcoin is part of the U.S. reserve. This didn’t sit well with pro-XRP lawyer Bill Morgan, who fired back hard. He called it “the biggest lie I’ve seen in crypto this year,” reminding everyone that Judge Torres already ruled XRP itself is not a security. And importantly — the SEC didn’t appeal that part of the decision. This is a lie. XRP has been found by a judge not itself to be a security. The SEC Appeal did not challenge that finding. To say XRP has no legal clarity is the biggest lie I have seen in crypto this year. https://t.co/6x1AycUxja — bill morgan (@Belisarius2020) June 1, 2025 When someone argued that the judge’s comments were only dicta (a legal term for remarks not legally binding), Bill Morgan responded firmly, saying that even a dicta provides a degree of legal clarity. He explained that the reasoning used by Judge Torres is persuasive authority in court — and said that no court has found XRP to be a security, adding, “It has more judicial clarity than Bitcoin, which has none.” What’s Next for XRP? Despite the legal tussles, most experts believe a final resolution is still on the horizon. The rejected filing doesn’t impact XRP’s existing legal clarity or standing, and while the SEC and Ripple will have to revisit their penalty talks, the case’s key outcomes remain unchanged.
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XRP price started a fresh decline below the $2.220 zone. The price is now correcting losses and might aim for a move above the $2.20 resistance. XRP price started a fresh decline below the $2.220 zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.2180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it fails to clear the $2.220 level. XRP Price Dips Again XRP price failed to clear the $0.3250 resistance and started a fresh decline, like Bitcoin and Ethereum . There was a move below the $0.2800 and $0.2620 support levels. The price even dipped below the $0.20 support level. A low was formed at $0.2081 and the price is now consolidating losses. There was a minor move above the $0.2120 level. The price cleared the 23.6% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2081 low. The price is now trading below $2.220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.220 level. There is also a key bearish trend line forming with resistance at $2.2180 on the hourly chart of the XRP/USD pair. It is near the 50% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2081 low. The next resistance is $2.250. A clear move above the $2.250 resistance might send the price toward the $2.280 resistance. Any more gains might send the price toward the $2.30 resistance or even $2.3250 in the near term. The next major hurdle for the bulls might be $2.40. Another Drop? If XRP fails to clear the $2.220 resistance zone, it could start another decline. Initial support on the downside is near the $2.1250 level. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.120 and $2.080. Major Resistance Levels – $2.20 and $2.220.