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Republican lawmaker and self-described crypto HODLer, Senator Cynthia Lummis, has expressed her support for the recent judgment in the SEC vs. Ripple case. Sen. Cynthia Lummis is one of crypto’s most prominent supporters on Capitol Hill. She posted on Twitter her feelings about the ruling in the U.S. Securities and Exchange Commission’s (SEC) case against XRP. My statement in response to the Southern District of New York’s ruling in Securities and Exchange Commission v Ripple Labs, Inc. pic.twitter.com/bmIxR0AmhT — Senator Cynthia Lummis (@SenLummis) July 14, 2023 Senator Lummis applauded Analisa Torres’ finding of the Southern District of New York (SDNY) that crypto assets traded in secondary markets are not investment contracts.  You might also like: Lawyer argues XRP is not a security as SEC lawsuit continues The senator further stated that the court’s decision mirrored the position taken in the proposed crypto legislation that Sen. Kirsten Gillibrand and hers...

XRP nears key breakout but lackluster volumes may spoil its 30% rally setup. XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally as traders pinned hopes on easing inflation data into April 12. XRP price: lackluster volumes raise risk of 25% correction XRP's upside move brought it closer to breaking out of its prevailing bull pennant range with a price target of $0.65. XRP/USD daily candle price chart. Source: Tradingview However, lackluster volumes accompanying XRP's gains hinted at a potential price correction in the future. That could mean a short-term pullback toward the pennant's lower trendline near $0.51 in April or a broader correction altogether invalidating the bullish continuation setup. The extended selloff scenario is best visible on the weekly chart below, wherein a key resistance-turned-support line has limited XRP's upside prospects. XRP/USD weekly price chart. Source: TradingVi...