However, JedвЂ™s selling has been well-absorbed all this while without any impact to price and his stash will finish by May if he were to keep selling. Whether or not he sells is unknown, but it is something traders need to take note of as a potential pressure on price should buyers not be able to absorb his selling. With the higher trading volume in the last 2 weeks, Jed will be allowed to sell around 40 million XRP per day beginning 18 April. However, he is left with only around 2 billion XRP and he is allowed to sell a percentage of XRPвЂ™s daily traded volume tabulated in the 2 weeks prior. As one of RippleвЂ™s main contributors, Jed acquired more than 9 billion XRP as part of the compensation plan for his role, and has been regularly selling his stash. The only risk now, other than a bad surprise in the SEC lawsuit result, is Jed McCaleb, the co-founder and former CTO of Ripple Labs. A break above $1.50 could mean that the retracement is over and price will resume on its uptrend again. The area around $1.00 provides a very solid support that is not likely to be broken. After letting out much froth, XRP can now resume its uptrend in a more steady and sustainable manner towards its ATH of $3.30. Its RSI is no longer in the overbought territory. On the technical charts, after extending a solid run from $0.635 to a high of $1.99, XRP has retraced its first up thrust to its 61.8% Fibonacci retracement level at $1.14 and bounced. Should a Coinbase relisting happen, the price of XRP is expected to spike again, regardless of the outcome of the lawsuit.

Coinbase however, has not confirmed nor denied the rumour. Chatters are already in overdrive after a Twitter user speculated that Coinbase was planning to relist XRP. Should more prominent exchanges begin to relist XRP again, it could bring the price of XRP up further. A swiss exchange has since announced that is has relisted XRP. Furthermore, with it becoming clear that people outside Ripple that sell XRP cannot be charged for selling illegal securities, exchanges are beginning to relist the XRP token.

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