Ripple's XRP is facing an imminent death cross as the SEC lawsuit takes a new twist.
Ripple has filed a cross-appeal to challenge the SEC's legal move in the XRP lawsuit, seeking regulatory clarity for the entire cryptocurrency industry.
A death cross, indicating a bearish sign, might cause XRP to lose its psychological price of $0.5.
However, crypto analyst Armando Pantoja believes XRP is experiencing a 7-year bullish pennant formation, hinting at a potential massive breakout.