A prominent cryptocurrency analyst and investor is fighting to file a lawsuit between payments company Ripple and the U.S. Securities and Exchange Commission (SEC), which could affect the price of XRP.

On Friday, Judge Analisa Torres rejected the SEC's efforts to block Ripple from receiving "fair protection.

One of Ripple's arguments is that the SEC has not provided enough information and they believe Ripple is selling XRP, an unregistered security.

Analyst Credible cryptocurrency has warned its 362,000 Twitter followers that even though the news immediately led to a spike in XRP prices, it still could not break through key resistance levels.

“The news is very positive, but from a technical perspective we are still stuck at major resistance levels, so don’t be afraid of FOMO. just a sudden spike in prices, best to wait and see how prices move now. “

Reliable Cryptocurrency Estimates XRP Breaks Resistance Level of $0.83

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As for Bitcoin, Credible Cryptocurrency believes that if Bitcoin will reverse its upward trend, the price will have to stand at $42,500.

But if not, he's looking for a higher low around $36,000.

“The price still can’t get back to $42,500 and therefore remains in the direction of an uptrend. The $40,000-$41,000 (red box) is still not really reversed and if it does, a break of $42,500 would be a significant uptrend.”

“If this price drops further, we could see it fall to $36,000.”

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