US economic indicators and Nasdaq send XRP into the red
US economic indicators and Nasdaq left XRP in negative territory. Wholesale sales inflation figures for November came in above expectations, which weighed on riskier assets. Producer price figures sent XRP lower for the afternoon session before support came in.
A rebound in consumer sentiment and lower inflation expectations reversed the decline. The Nasdaq Composite fell 0.70%.
However, XRP struggled throughout the session. Uncertainty over the outcome of the SEC v Ripple case tested buyer appetite.
There were no substantial updates to distract investors, who are currently awaiting the court’s decision on the summary of responses to the ruling.
On Friday, both parties together Request That the court has set January 4 as a deadline for all non-parties to move to seal portions of the summary judgment articles. As part of the application, all parties and non-parties must file objections by January 18.
The timelines confirm that the case will continue through 2023, barring an unexpected settlement.