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    Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

    altcoin

    Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

    crypto basset hound

    Ripple (XRP) rallied to $0.439217 Friday from $0.377384 on Thursday in the face of an ongoing Securities and Exchange Commission lawsuit following the comments of William Hinman, former SEC Corporate Finance director. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? Ether are not securities, Hinman said. (Bitrates.com) William Hinman: Ether Not a Security A judge has granted the request of SEC to file a reply concerning the case against Ripple Lab. The case was ignited by the speech of Hinman, stating that Ethereum is not a security. Emails recovered as evidence strengthened claims that Hinman had some conflict of interest connected to those comments. In 2018, Hinman’s speech included this statement: “Based on my understanding of the present state of ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.” Hinman’s speech stated that Ethereum is not a security which insofar is tagged as an opinion based on his own understanding of Ether and the Ethereum Network. More so, the decentralized nature, and Ether transactions and sales are not secure, according to his personal knowledge and understanding. On the other hand, Hinman attested that there are four criteria barring the rationale rendered by SEC, stating that said communications made in 2018 won’t fall under the attorney-client privilege. XRP total market cap at $20.60 billion on the weekend chart | Source: TradingView.com In addition, communications made by Hinman isn’t confidential information. Further, if in case SEC discovers any other information that can be protected, the only person who can claim that is Hinman. Ripple Violated Securities Act of 1933? Ripple’s defense on this case is that XRP’s purpose can’t classify the coin as a security. SEC has no power or authority over Ripple considering that XRP’s function is as a medium of exchange. Further, Ripple states that the currency is utilized as an intermediary intended for remittance and not a security.  Suggested Reading | NFT Prices Take A Beating After Crypto Market Chaos Ripple also defended that SEC did not clarify the classification of digital assets which failed to provide Ripple Labs timely guidance or warning as to how the current laws apply to XRP. However, SEC contested that Ripple has in fact obtained advice from them in 2012 identifying its product as an investment which requires SEC regulation. Hinman’s speech, however, further strengthens Ripple’s defense as it implied that if Ether or XRP was bought to participate in a decentralized platform and not for earning from trading activity, then it’s definitely not a security. Featured image from CryptoGlobe, chart from TradingView.com

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    Ripple Price Analysis: 3 Times XRP Increased From This Level, Will It Happen Again?

    Analysis

    Ripple Price Analysis: 3 Times XRP Increased From This Level, Will It Happen Again?

    Ripple has touched the range between $0.5-0.55 three times over the past year. Now, the bears are trying to bring the price to this range once again, but will support hold the fourth attempt? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears were able to push the price below […]

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    Ripple Price Analysis: Approaches Five-month Low; No Ray Of Light for XRP?

    Analysis

    Ripple Price Analysis: Approaches Five-month Low; No Ray Of Light for XRP?

    crypto basset hound

    XRP price started the session on a higher note but failed to retain the gains. The upside momentum vanished quickly with a sharp reversal in the price. The immediate upside hurdle near $0.65 acted as a strong resistance barrier for the XRP buyers. Today is the single largest fall in XRP price in the past

    The post Ripple Price Analysis: Approaches Five-month Low; No Ray Of Light for XRP? appeared first on CoinGape.

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    XRP Faces Rejection At Key Resistance; Here’s What On-Chain Metrics Suggest

    2020

    XRP Faces Rejection At Key Resistance; Here’s What On-Chain Metrics Suggest

    crypto basset hound

    XRP has been on a downtrend owing to a lack of demand for over a week now. The coin has retouched a multi-month low at the time of writing. Broader market weakness also remains to be blamed along with a whirlwind of regulatory roadblocks owing to SEC vs Ripple’s lawsuit. Overall it hasn’t been a very favourable time for the altcoin. The market capitalisation of XRP has noted a 7% decline over the past 24 hours according to CoinMarketCap. The market capitalisation of the coin was $29.13 billion at the time of writing. The global crypto market cap was at $1.85 Trillion after a fall of 1.8% over the last day. XRP’s all-time high was $3.84 and at the present market value, XRP has fallen by over 80%. XRP Price Analysis: Four Hour Chart XRP was priced at $0.607 at press time and it noted a decline of $6.7% over the last 24 hours. In the past week, the digital asset’s market value fell by over 17%. The coin has been repeatedly facing rejection at the $0.700 level for a week, consistent rejection has caused the bears to take over the market. The bulls have been driven out of the market and so buyers also have existed from the market. With each rejection, XRP experienced a sell-off. Trading volume was also seen in red which is in accordance with the falling market cap of the coin. Immediate resistance for the coin was at $0.700 and then at $0.770. If prices plummet any further, the next support line for the coin awaited at $0.59, a level the coin last visited in the month of February 2022. Technical Analysis The cryptocurrency has witnessed bouts of overselling and underbuying in the last week and a half. In that duration, XRP has consistently registered falling buying strength. Prices of the coin have remained below the 20-SMA due to the sell-off. As mentioned above, with a resurgence of buyers XRP could start to trade above the 50-SMA mark that coincides with the resistance mark of $0.770. On the Relative Strength Index, the indicator stood below the 25-mark which marks oversold conditions in the market at the time of writing. Related Reading | The CEO Of Ripple Says Bitcoin Tribalism Is Holding Back The Crypto Industry Does The On-Chain Analysis Invalidate The Coin’s Bearish Thesis? We Think Not! The developmental activity of the coin has also suffered according to the data provided by Santiment. XRP recorded an increase in developmental activity in the month of September, last year. The coin recorded a high of 69 last year. Ever since that, XRP’s developmental activities have severely noted a decline. At the time of writing, the coin stood at 14, which goes to display that XRP has underperformed considerably in this aspect. Regarding the social aspect of the coin, the digital asset has also lagged behind. This displayed severe bearishness on the chart, as a reason why the confidence of buyers has reflected poorly. A fall in social dominance means that the cryptocurrency has started to lose its hype and popularity, especially during favourable times such as a bull run. The social Dominance of the coin has declined sharply ever since December 2020. The current reading was at 1.92% which is almost a 90% decline since December 2020. The social volume also plummeted sharply with periods of highs and lows seen on the chart. The choppy social volume is an indication of declining confidence in the coin which amounts to a bearish thesis for XRP. Although the market seems to be in the accumulation stage, from the above-given metrics, it is safe to assume that the coin itself hasn’t witnessed too much accumulation which directly amounts to a lesser number of buyers entering the market. Currently, to invalidate a bearish price action, the coin needs to start experiencing growth in buying strength, failing to do this XRP could be stuck at this particular price action for the foreseeable future. Related Reading | Ripple CEO Optimistic On SEC Case, Why XRP Saw Weak Response Featured image from UnSplash, charts from Tradingview.com and Santiment.com

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    BEST XRP:USD ANALYSIS: 12hr Volatility is the Direction!

    Africa

    BEST XRP:USD ANALYSIS: 12hr Volatility is the Direction!

    A crypto volatility trader out of Africa. A price analysis video of XRP.
    Long term & short term outlook.
    Market structure.
    Previous points of interest.
    Mean reversion points.
    Shannon Entropy. Tools: Alpha Trading Tools (Discord Link) Find ACW: Twitter: https://twitter.com/ShitcoinWarlord
    Alpha Trading Discord: https://discord.gg/f74jcwjfqP __________________________________________________________________________________ Disclaimer – The content in this video and on this channel are not intended to be financial advice. The content in this video and on this channel are only intended for entertainment purposes only! – – – – xrp daily, xrp analysis, top xrp analysis, best xrp analysis, xrp price prediction, xrp predicition, xrp today, bitcoin trading, warlord xrp, xrp news, xrp price news, xrp today news, crypto news, crypto news today, xrp price prediction 2022, xrp 2022, xrp price 2022, xrp 2022 price analysis, xrp price prediction april, xrp april, bitcoin xrp 2022, xrp april analysis, Ripple, Ripple Analysis, ripple price prediction, ripple price prediction 2023, crypto xrp ripple analysis, XRP Price prediction 2024, XRP Price prediction 2025 XRP Price Prediction, XRP Price Prediction, XRP Prediction, RIPPLE Prediction, XRP Coin Prediction, XRP Coin Prediction, XRP Coin, XRP Token, XRP, XRP Coin, XRP Token, XRP BITCOIN Price, XRP BITCOIN, XRP BITCOIN Price Prediction, RIPPLE XRP Price, RIPPLE XRP, XRP RIPPLE Price Prediction, XRP Price Prediction 2022, RIPPLE Price Prediction 2022,XRP Crypto, Crypto XRP, Crypto Coin, XRP Coin Crypto, XRP Token Crypto, Ripple, XRP, SEC, Lawsuit, Ripple Law Suit

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    Ripple Price Prediction: XRP Price Faces Hurdle Near $0.80; Is $0.65 On The Way?

    blockchain news

    Ripple Price Prediction: XRP Price Faces Hurdle Near $0.80; Is $0.65 On The Way?

    crypto basset hound

    XRP price exhibits a negative trend as it fell on Wednesday following the previous few sessions of consolidation. The downside pressure could prompt XRP to lows that extend from February. In the short term, the price continues to hover in a trading range of $0.65 and $0.90. XRP price faces the challenge to overcome a

    The post Ripple Price Prediction: XRP Price Faces Hurdle Near $0.80; Is $0.65 On The Way? appeared first on CoinGape.

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    Ripple CEO Optimistic On SEC Case, Why XRP Saw Weak Response

    2019

    Ripple CEO Optimistic On SEC Case, Why XRP Saw Weak Response

    crypto basset hound

    In an interview with CNBC, Ripple CEO Brad Garlinghouse revealed to feels optimistic about the company’s future and its legal battle. The payment solution company was sued by the U.S. Securities And Exchange Commission (SEC) in 2019 for the alleged illegal sales of a security, XRP. Related Reading | Price Analysis: Where’s XRP Headed After Ripple’s Big Win Initially, the battle was expected to be an easy win for the regulators. This had a negative impact on the price of XRP, the cryptocurrency that powers the XRP Ledger, and some of the products from the payment company. However, Ripple has been using its resources and appears to be turning the table in its favor. In court, the payment solution company has presented evidence that claims the SEC was made aware of XRP, and Ripple’s business model with the cryptocurrency using a product called Ripple Network. The evidence goes as back as 2013 and includes documents that suggest the SEC failed to provide clarity over the digital asset’s classification as a security. According to legal experts, the evidence could demonstrate to the court that Ripple was actively seeking to remain compliant with U.S. securities law. In that sense, Garlinghouse told CNBC the following on his perception of the status of the case: The lawsuit has gone exceedingly well, and much better than I could have hoped when it began about 15 months ago. But the wheels of justice move slowly. Other evidence has come to light that could continue to favor Ripple. As highlighted by CNBC, the judge handling the case ruled against the SEC editing emails about how it has treated XRP and other cryptocurrencies, including Ethereum. The second crypto by market cap, there are currently no standing cases against it as it is not deemed a security. If Ripple can successfully argue that XRP and ETH operate as decentralized cryptocurrencies, could score a win in its legal pursuit. Ripple Touched Bottom, Only Up From Here? Despite the legal battle, Ripple has not seen a slowdown in its operations. According to its CEO, the company is “already operating in the worst-case scenario”, but registers “record growth” outside of the United States. On the other hand, the XRP token records a 7% profit in the last 24-hours potentially as a reaction to Garlinghouse’s statements. The market seems to be positively pricing any development around the legal case with the SEC, but the macro-economic outlook still seems unfavorable for risk-on assets. On higher timeframes, the token still trends to the downside far from its $2 high in 2021. A positive conclusion of the case could send XRP to those highs. Related Reading | Ripple Vs. SEC: XRP Showing Strength In The Legal Fight As New Evidence Arises Garlinghouse added the following on the importance of Ripple’s case for the crypto industry: This case is important, not just for Ripple; it’s important for the entire crypto industry in the United States. It would really be negative for crypto in the United States (…). If you determine XRP as a security of Ripple, we have to know every person that owns XRP. That’s an SEC requirement. You have to know all of your shareholders. It’s not possible.

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    Bitcoin Gears up for MAJOR Price Swing ($2.4B INJECTED into XRP causing 7.5% Rise)

    ADA

    Bitcoin Gears up for MAJOR Price Swing ($2.4B INJECTED into XRP causing 7.5% Rise)

    In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news. Learn more about crypto ➡️ https://bitlabacademy.com
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    All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. #Bitcoin #Crypto #Invest

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    Crypto Price RECOVERY? + XRP SEC VICTORY!, Cardano WHALES & SHIB SKYROCKETS!

    2021

    Crypto Price RECOVERY? + XRP SEC VICTORY!, Cardano WHALES & SHIB SKYROCKETS!

    I Make Art Daily, Check It Out! https://opensea.io/collection/the-modern-artist-collection —————————————— Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ——————————————- Become A Patreon! https://www.patreon.com/TheModernInvestor ——————————————- MY SECOND CHANNEL: https://www.youtube.com/channel/UCH9HlTrjyLmLRS0iE1P4rrg —————————————– Check Out My NFTs – New Pieces Drop Daily! https://rarible.com/tmi —————————————— Open An Account With Binance! https://www.binance.com/?ref=22170588 ——————————————- ———————–
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    Ripple Price Prediction: XRP Price Losses Bullish Momentum; Is $0.75 Possible?

    Altcoin News

    Ripple Price Prediction: XRP Price Losses Bullish Momentum; Is $0.75 Possible?

    XRP price started the first week of the April series on a lower note. The price remains pressured below the critical 200-day EMA. Now, the price is trading in a very tight range sliced between the 200-day and 50-day EMA at $0.85 and $0.80 respectively. XRP price trades lower with significant losses on Monday. A

    The post Ripple Price Prediction: XRP Price Losses Bullish Momentum; Is $0.75 Possible? appeared first on CoinGape.

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