xrpsucess
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$XRP /USDT is killing the chart guys ready for the ATH...GUYS..
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Trading Signals
Action: Buy $XRP
Entry: $2.467
TP1: $2.53
TP2: $2.65
SL: -50% (below $2.20)
DCA: Every 5% dip below $2.30, starting from $2.10.
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💡 Market Insight: $XRP is showing strong momentum with increasing volume, signaling potential for further gains. Keep an eye on $2.55 as a breakout could confirm bullish intent. Manage your trades cautiously during this volatile period!
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Always do spot trade with a high amount more than amount of any coin, why because if the price is going up you can make some gains and you all have to pay gas fees transac fees from your gains not from your deposits..
GOOD LUCK GUYS👍👍
#BTCBreaking100KAgain? #AltcoinMarketWatch #CryptoMarketHype #CryptoZombieUprising #xrpsucess
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Trading Signals
Action: Buy $XRP
Entry: $2.467
TP1: $2.53
TP2: $2.65
SL: -50% (below $2.20)
DCA: Every 5% dip below $2.30, starting from $2.10.
.
💡 Market Insight: $XRP is showing strong momentum with increasing volume, signaling potential for further gains. Keep an eye on $2.55 as a breakout could confirm bullish intent. Manage your trades cautiously during this volatile period!
.
Always do spot trade with a high amount more than amount of any coin, why because if the price is going up you can make some gains and you all have to pay gas fees transac fees from your gains not from your deposits..
GOOD LUCK GUYS👍👍
#BTCBreaking100KAgain? #AltcoinMarketWatch #CryptoMarketHype #CryptoZombieUprising #xrpsucess
Bought $XRP back in 2021 and been buying ever since 🌊 out of the 20+ projects in my portfolio that have outperformed XRP so far this bull run, still… XRP will dwarf them all.
You just need depth of vision to see what’s about to happen in 2025. 🏄 ...keep holding xrp army #xrpsucess #XRPTrends #BitcoinVsXRP
You just need depth of vision to see what’s about to happen in 2025. 🏄 ...keep holding xrp army #xrpsucess #XRPTrends #BitcoinVsXRP
XRP (XRP) Price Prediction
How much will XRP (XRP) be worth in 2025, 2026, 2027, up to 2030? Check out other opinions on price targets and project confidence levels — known as a Consensus Rating — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.
Ready to buy XRP? Binance accepts a wide range of currencies, making it easy for you to buy crypto using USD, EUR, CNY, AUD, INR, and other fiat currencies. Here are the buying guides for all available tokens on Binance.$XRP $USDP $USDC #XRPGoal #xrpsucess #XRPPredictions
Ready to buy XRP? Binance accepts a wide range of currencies, making it easy for you to buy crypto using USD, EUR, CNY, AUD, INR, and other fiat currencies. Here are the buying guides for all available tokens on Binance.$XRP $USDP $USDC #XRPGoal #xrpsucess #XRPPredictions
*XRP Coin Buying Zone*
The XRP coin buying zone is between $0.38 and $0.46 ¹. Here are some details to consider when buying XRP:
- *Current Price*: The current price of XRP is between $0.5742 and $0.5746 ².
- *24-hour Trading Volume*: The 24-hour trading volume of XRP is between $1.5 billion and $1.494 billion ³.
- *Circulating Supply*: The circulating supply of XRP is 56.1 billion ³.
- *Total Supply*: The total supply of XRP is 100 billion ³.
- *All-time High*: The all-time high price of XRP was $3.84 on January 4, 2018 ³.
- *All-time Low*: The all-time low price of XRP was $0.002802 on July 7, 2014 ³.
- *Exchanges*: XRP can be traded on various exchanges, including Binance and Coinbase ² ³.
- *Wallets*: XRP can be stored in various wallets, including the Binance DeFi Wallet and hardware wallets ².
#CryptoMarketMoves
#Xrp🔥🔥
#xrpsucess
The XRP coin buying zone is between $0.38 and $0.46 ¹. Here are some details to consider when buying XRP:
- *Current Price*: The current price of XRP is between $0.5742 and $0.5746 ².
- *24-hour Trading Volume*: The 24-hour trading volume of XRP is between $1.5 billion and $1.494 billion ³.
- *Circulating Supply*: The circulating supply of XRP is 56.1 billion ³.
- *Total Supply*: The total supply of XRP is 100 billion ³.
- *All-time High*: The all-time high price of XRP was $3.84 on January 4, 2018 ³.
- *All-time Low*: The all-time low price of XRP was $0.002802 on July 7, 2014 ³.
- *Exchanges*: XRP can be traded on various exchanges, including Binance and Coinbase ² ³.
- *Wallets*: XRP can be stored in various wallets, including the Binance DeFi Wallet and hardware wallets ².
#CryptoMarketMoves
#Xrp🔥🔥
#xrpsucess
#XRPDumping #xrpsucess alright guys so what's going on here so much unpredictability in the market and that too when I started investing in crypto day before yesterday only although I invested $10.21 only that stand at $8.98 now the two cryptos bought for 5$ each are $ETH $XRP but think that that both of them will go up very soon idk also don't have much knowledge of investing so I'm kinda excited seems fun this trading and all but since you know I'm not a professional I still think that one should hold $XRP it will boom very soon after all what I feel is that it's all about demand and supply people are selling xrp non stop which is creating more supply in the market and hence drop in the prices we should start buying xrp more take it off the market and we shall see the prices going up very very soon
#buyxrp
#buyxrp
$XRP on the verge of a potential breakout
Prominent analysts are seeing familiar patterns in $XRP ’s Bollinger Bands, similar to the period before its historic surge.
Could we see another massive rally?
While a 650x increase is unlikely with today’s market cap, predictions hint at a more realistic 5x-10x growth. But with mixed views from other experts, timing and profit-taking are key.
What’s your strategy if XRP starts moving? 🚀
#XRPGoal #xrpsucess #BinanceLaunchpoolHMSTR #CATIonBinance #moonbix
Prominent analysts are seeing familiar patterns in $XRP ’s Bollinger Bands, similar to the period before its historic surge.
Could we see another massive rally?
While a 650x increase is unlikely with today’s market cap, predictions hint at a more realistic 5x-10x growth. But with mixed views from other experts, timing and profit-taking are key.
What’s your strategy if XRP starts moving? 🚀
#XRPGoal #xrpsucess #BinanceLaunchpoolHMSTR #CATIonBinance #moonbix
Hello|
I am starting my journey to learn future trading .
what do you think how much price of XRP will rise $XRP ?
#XRPGoal
#xrpsucess
I am starting my journey to learn future trading .
what do you think how much price of XRP will rise $XRP ?
#XRPGoal
#xrpsucess
$XRP
📊 Deep Analysis Chart: XRP/USDT Insights 🔍
🌟 Current Price: $2.4115
📉 24H Change: -1.18%
🛠 Key Analysis:
📊 Resistance Level: $2.5199
📊 Support Level: $2.3344
✅ Bullish Signs:
The 5-Day MA is above the 10-Day MA—short-term upward momentum.
MACD indicates bullish strength, but momentum is slowing.
⚠️ Caution:
Volume spikes show mixed sentiment—buyers and sellers are active!
RSI at 57.45 suggests the market is neutral but leaning bullish.
---
💡 What Should You Do?
📈 Looking to Buy?
Wait for a breakout above $2.5199 for confirmation of bullish momentum.
Or, buy near $2.3344 if it retests support.
📉 Thinking to Sell?
Watch for rejection at $2.5199 or $2.6800 to lock in profits.
Exit if the price falls below $2.1743 to avoid deeper losses.
🚨 Pro Tip: Always set a stop-loss to manage your risk!
---
🔥 Stay Ahead of the Market!
💬 What's your next move? BUY or SELL? Drop your thoughts below! 👇
🔔 Follow for more updates and trading insights! 🚀
#XRPReclaimsTop3
#XRPTrends
#XRPGoal
#xrpsucess
📊 Deep Analysis Chart: XRP/USDT Insights 🔍
🌟 Current Price: $2.4115
📉 24H Change: -1.18%
🛠 Key Analysis:
📊 Resistance Level: $2.5199
📊 Support Level: $2.3344
✅ Bullish Signs:
The 5-Day MA is above the 10-Day MA—short-term upward momentum.
MACD indicates bullish strength, but momentum is slowing.
⚠️ Caution:
Volume spikes show mixed sentiment—buyers and sellers are active!
RSI at 57.45 suggests the market is neutral but leaning bullish.
---
💡 What Should You Do?
📈 Looking to Buy?
Wait for a breakout above $2.5199 for confirmation of bullish momentum.
Or, buy near $2.3344 if it retests support.
📉 Thinking to Sell?
Watch for rejection at $2.5199 or $2.6800 to lock in profits.
Exit if the price falls below $2.1743 to avoid deeper losses.
🚨 Pro Tip: Always set a stop-loss to manage your risk!
---
🔥 Stay Ahead of the Market!
💬 What's your next move? BUY or SELL? Drop your thoughts below! 👇
🔔 Follow for more updates and trading insights! 🚀
#XRPReclaimsTop3
#XRPTrends
#XRPGoal
#xrpsucess
𝗥𝗶𝗽𝗽𝗹𝗲’𝘀 𝗥𝗟𝗨𝗦𝗗 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗞𝗲𝘆 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹: 𝗫𝗥𝗣 𝗣𝗿𝗶𝗰𝗲𝘀 𝗦𝘂𝗿𝗴𝗲 .. 𝗛𝗼𝗹𝗱𝗲𝗿𝘀 𝗚𝗲𝘁 𝘀𝗼𝗹𝗶𝗱 𝗽𝗿𝗼𝗳𝗶𝘁𝘀
Ripple has announced a significant milestone as its USD-backed stablecoin, RLUSD, officially received approval from the New York State Department of Financial Services (NYDFS). Brad Garlinghouse, Ripple's CEO, shared the update on X (formerly Twitter), emphasizing that listings on exchanges and partnerships for RLUSD will go live shortly. This stablecoin, launched in collaboration with exchanges such as Bitstamp, Uphold, and Bitso, is expected to revolutionize cross-border payments and liquidity solutions.
A Boost for XRP Prices
Following the news of the NYDFS approval, Ripple’s native cryptocurrency, XRP, experienced a surge in investor confidence. Over the last 24 hours, XRP climbed by 22%, recovering from a low of $1.8 and currently trading above $2.4. This represents an 8% gain during the same period. The announcement has breathed new life into XRP, despite its recent monthly volatility, where it shed 9% of its value in the past week.
What Is RLUSD?
Introduced in October, RLUSD is Ripple’s stablecoin, developed in partnership with prominent exchanges and financial institutions. The stablecoin is designed to enable seamless cross-border transactions, acting as a reliable tool for global financial transfers. Unlike traditional cryptocurrencies prone to price swings, stablecoins like RLUSD are tied to real-world assets, ensuring consistent value.
Ripple envisions RLUSD as a bridge between fiat currencies and digital assets, facilitating conversions with ease for businesses and individuals. Its utility extends to supporting international trade, enhancing liquidity in markets, and serving as collateral for physical assets like commodities and securities.
#RLUSDApprovalBoostXRP #XRPGoal #Xrp🔥🔥 #xrpsucess
Ripple has announced a significant milestone as its USD-backed stablecoin, RLUSD, officially received approval from the New York State Department of Financial Services (NYDFS). Brad Garlinghouse, Ripple's CEO, shared the update on X (formerly Twitter), emphasizing that listings on exchanges and partnerships for RLUSD will go live shortly. This stablecoin, launched in collaboration with exchanges such as Bitstamp, Uphold, and Bitso, is expected to revolutionize cross-border payments and liquidity solutions.
A Boost for XRP Prices
Following the news of the NYDFS approval, Ripple’s native cryptocurrency, XRP, experienced a surge in investor confidence. Over the last 24 hours, XRP climbed by 22%, recovering from a low of $1.8 and currently trading above $2.4. This represents an 8% gain during the same period. The announcement has breathed new life into XRP, despite its recent monthly volatility, where it shed 9% of its value in the past week.
What Is RLUSD?
Introduced in October, RLUSD is Ripple’s stablecoin, developed in partnership with prominent exchanges and financial institutions. The stablecoin is designed to enable seamless cross-border transactions, acting as a reliable tool for global financial transfers. Unlike traditional cryptocurrencies prone to price swings, stablecoins like RLUSD are tied to real-world assets, ensuring consistent value.
Ripple envisions RLUSD as a bridge between fiat currencies and digital assets, facilitating conversions with ease for businesses and individuals. Its utility extends to supporting international trade, enhancing liquidity in markets, and serving as collateral for physical assets like commodities and securities.
#RLUSDApprovalBoostXRP #XRPGoal #Xrp🔥🔥 #xrpsucess
Big news coming for $XRP holders! The countdown has begun, and in just 48 hours, the fate of XRP and Ripple’s future could change dramatically.
#XRPGoal #XRP_ETF #xrpsucess $XRP
#XRPGoal #XRP_ETF #xrpsucess $XRP
📢X Opens New Account to Expose Illegal Orders by Brazilian Judge📢
X Opens New Account to Expose Illegal Orders by Brazilian Judge
In a recent development that has shaken the financial and legal sectors, X has taken a bold step by opening a new account on Binance to highlight illegal orders issued by a Brazilian judge. This move comes amidst growing concerns over judicial misconduct and the abuse of power within Brazil's legal system.
X, a prominent figure known for advocating transparency and legal reform, has utilized Binance, a leading cryptocurrency exchange, to expose evidence of these illicit orders. By leveraging the transparency and traceability offered by blockchain technology, X aims to bring these illegal activities to light and hold the responsible parties accountable.
The decision to use a cryptocurrency platform underscores the increasing role of digital assets in modern activism and whistleblowing. This initiative not only aims to reveal the extent of corruption but also to encourage other stakeholders to join the fight for a more transparent and just legal system.
As the situation unfolds, it will be crucial to monitor how this exposure impacts the Brazilian legal framework and whether it prompts necessary reforms. X's courageous move could set a significant precedent for tackling judicial corruption globally.#XRP_ETF #xrpsucess #Gravity #writetowin
In a recent development that has shaken the financial and legal sectors, X has taken a bold step by opening a new account on Binance to highlight illegal orders issued by a Brazilian judge. This move comes amidst growing concerns over judicial misconduct and the abuse of power within Brazil's legal system.
X, a prominent figure known for advocating transparency and legal reform, has utilized Binance, a leading cryptocurrency exchange, to expose evidence of these illicit orders. By leveraging the transparency and traceability offered by blockchain technology, X aims to bring these illegal activities to light and hold the responsible parties accountable.
The decision to use a cryptocurrency platform underscores the increasing role of digital assets in modern activism and whistleblowing. This initiative not only aims to reveal the extent of corruption but also to encourage other stakeholders to join the fight for a more transparent and just legal system.
As the situation unfolds, it will be crucial to monitor how this exposure impacts the Brazilian legal framework and whether it prompts necessary reforms. X's courageous move could set a significant precedent for tackling judicial corruption globally.#XRP_ETF #xrpsucess #Gravity #writetowin
$XRP is Heating Up: Will Ripple Dominate the Future of Finance with the launch of its $RLUSD stable coin?
How will this affect #XRP price?
Is #Ripple Positioned to Revolutionize Finance with Its $RLUSD Stablecoin Launch?
Ripple’s much-anticipated launch of the $RLUSD stablecoin is generating significant buzz in the crypto space, raising questions about the future trajectory of $XRP . As the company continues to position itself as a pioneer in blockchain-based financial solutions, the introduction of $RLUSD could redefine how businesses and individuals interact with digital currencies for transactions, cross-border payments, and financial operations.
This development has the potential to drive a surge in demand for $XRP , Ripple’s native token, as it plays a key role in liquidity provisioning and settlement within Ripple’s ecosystem. But how will the market react? Could this new stablecoin attract institutional interest and push $XRP to new heights, or will it face challenges in adoption and regulatory scrutiny? For traders, understanding the broader impact of $RLUSD on the Ripple network is crucial to navigating potential price movements of $XRP in the near future.
#Xrp🔥🔥 #xrpsucess
How will this affect #XRP price?
Is #Ripple Positioned to Revolutionize Finance with Its $RLUSD Stablecoin Launch?
Ripple’s much-anticipated launch of the $RLUSD stablecoin is generating significant buzz in the crypto space, raising questions about the future trajectory of $XRP . As the company continues to position itself as a pioneer in blockchain-based financial solutions, the introduction of $RLUSD could redefine how businesses and individuals interact with digital currencies for transactions, cross-border payments, and financial operations.
This development has the potential to drive a surge in demand for $XRP , Ripple’s native token, as it plays a key role in liquidity provisioning and settlement within Ripple’s ecosystem. But how will the market react? Could this new stablecoin attract institutional interest and push $XRP to new heights, or will it face challenges in adoption and regulatory scrutiny? For traders, understanding the broader impact of $RLUSD on the Ripple network is crucial to navigating potential price movements of $XRP in the near future.
#Xrp🔥🔥 #xrpsucess
XRP Price Prediction 2025: A Bullish Outlook
Ripple's $XRP is poised for significant growth in 2025, according to expert predictions. Despite current market fluctuations, XRP's long-term potential remains strong.
Key Predictions:
- Base price: $0.52
- Potential high: $1.44
- Average price: $0.87
Driving Factors:
1. Incremental growth
2. Sustained investor interest
3. Ripple's expanding partnerships
Expert Insights:
"$XRP 's fundamentals are solid, and its real-world applications will drive adoption." - John, Crypto Analyst
Ripple's Roadmap:
1. Enhanced cross-border payments
2. Increased adoption among financial institutions
3. Expanding developer community
Conclusion:
$XRP 's predicted growth underscores its potential as a leading cryptocurrency. While predictions are subject to change, Ripple's technology and partnerships position XRP for success.
#XRPGoal #BinanceLaunchpoolHMSTR #xrpsucess #NeiroOnBinance #moonbix
Key Predictions:
- Base price: $0.52
- Potential high: $1.44
- Average price: $0.87
Driving Factors:
1. Incremental growth
2. Sustained investor interest
3. Ripple's expanding partnerships
Expert Insights:
"$XRP 's fundamentals are solid, and its real-world applications will drive adoption." - John, Crypto Analyst
Ripple's Roadmap:
1. Enhanced cross-border payments
2. Increased adoption among financial institutions
3. Expanding developer community
Conclusion:
$XRP 's predicted growth underscores its potential as a leading cryptocurrency. While predictions are subject to change, Ripple's technology and partnerships position XRP for success.
#XRPGoal #BinanceLaunchpoolHMSTR #xrpsucess #NeiroOnBinance #moonbix
#XRPGoal #xrpsucess
🚨 XRP/USDT is showing some momentum! 📈
Current price: $0.5344 (+1.23%)
24h High: $0.5450
24h Low: $0.5231
Trading Volume (24h):
XRP: 274.22M
USDT: 146.05M
XRP has bounced off the MA(99) support at 0.5311 and is now testing the MA(7) (0.5339). The upward trend looks promising, with the price nearing the recent high of 0.5365. Will we see XRP break the $0.54 resistance level?
What are your thoughts on the next move for XRP?
#XRP #Crypto #Trading #Binance #Cryptocurrency
#Write2Earn! #moonbix #FanTokensRising
🚨 XRP/USDT is showing some momentum! 📈
Current price: $0.5344 (+1.23%)
24h High: $0.5450
24h Low: $0.5231
Trading Volume (24h):
XRP: 274.22M
USDT: 146.05M
XRP has bounced off the MA(99) support at 0.5311 and is now testing the MA(7) (0.5339). The upward trend looks promising, with the price nearing the recent high of 0.5365. Will we see XRP break the $0.54 resistance level?
What are your thoughts on the next move for XRP?
#XRP #Crypto #Trading #Binance #Cryptocurrency
#Write2Earn! #moonbix #FanTokensRising
🍀🍀$XRP BULL🍀🍀
🚀🚀🚀
$XRP is holding steady at $0.51, showing resilience despite Bitcoin’s volatility. It’s nearing a key resistance level at $0.72, with fallback support at $0.42. The current market uncertainty could reveal hidden buying opportunities as XRP gears up for potential upward movement within the larger bullish trend.
Previously, we observed a 140% gain, which signals strong growth potential moving forward.
Previously we've tracked a 140% gain on it.
#XRP_ETF #xrpsucess #XRP_ETF #XRPPredictions
🚀🚀🚀
$XRP is holding steady at $0.51, showing resilience despite Bitcoin’s volatility. It’s nearing a key resistance level at $0.72, with fallback support at $0.42. The current market uncertainty could reveal hidden buying opportunities as XRP gears up for potential upward movement within the larger bullish trend.
Previously, we observed a 140% gain, which signals strong growth potential moving forward.
Previously we've tracked a 140% gain on it.
#XRP_ETF #xrpsucess #XRP_ETF #XRPPredictions
$XRP to $3 by Christmas?
This could just be the *bottom* of the bull cycle!
Despite recent dips, XRP has shown strength, briefly crossing $0.66, and some believe the real rally is just getting started.
With the market eyeing a potential bullish run through Q4, all eyes are on Ripple’s native crypto. Could this be the breakout moment we've been waiting for?
Stay ahead of the game as we head into a bullish season
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober #XRPGoal #xrpsucess
This could just be the *bottom* of the bull cycle!
Despite recent dips, XRP has shown strength, briefly crossing $0.66, and some believe the real rally is just getting started.
With the market eyeing a potential bullish run through Q4, all eyes are on Ripple’s native crypto. Could this be the breakout moment we've been waiting for?
Stay ahead of the game as we head into a bullish season
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober #XRPGoal #xrpsucess
$XRP Records Significant Gains in September: What to Expect?
XRP, a leading cryptocurrency, has often experienced notable price spikes in September. Historical data highlights significant gains, such as a 94.4% surge in 2013 and impressive increases in 2016, 2018, and 2022. Despite these gains, the cryptocurrency has also faced declines, with losses over 20% in 2017 and 2021. On average, XRP tends to see a 13.7% rise in September.
Ripple Labs, the company behind XRP, plays a crucial role in the cryptocurrency’s prospects. The ongoing lawsuit, which may soon reach a conclusion, has significantly impacted XRP's market cycles. Ripple’s advancements, including the development of the XRP Ledger and expanded DeFi offerings, are expected to boost XRP’s appeal.
In the near term, XRP is striving to maintain support around $0.60, which is key to its ongoing performance. Investors should watch Ripple’s legal developments closely, as well as the expansion of DeFi offerings linked to XRP, which could drive further demand. Despite promising signs, XRP’s future remains uncertain, requiring careful observation by investors.
#XRPGoal #xrpsucess #Write2Earn! #Saminakhan
XRP, a leading cryptocurrency, has often experienced notable price spikes in September. Historical data highlights significant gains, such as a 94.4% surge in 2013 and impressive increases in 2016, 2018, and 2022. Despite these gains, the cryptocurrency has also faced declines, with losses over 20% in 2017 and 2021. On average, XRP tends to see a 13.7% rise in September.
Ripple Labs, the company behind XRP, plays a crucial role in the cryptocurrency’s prospects. The ongoing lawsuit, which may soon reach a conclusion, has significantly impacted XRP's market cycles. Ripple’s advancements, including the development of the XRP Ledger and expanded DeFi offerings, are expected to boost XRP’s appeal.
In the near term, XRP is striving to maintain support around $0.60, which is key to its ongoing performance. Investors should watch Ripple’s legal developments closely, as well as the expansion of DeFi offerings linked to XRP, which could drive further demand. Despite promising signs, XRP’s future remains uncertain, requiring careful observation by investors.
#XRPGoal #xrpsucess #Write2Earn! #Saminakhan
For cross border payments rumours are about UAE and India use XRP ripple network for premium including for oil trade.
Its confirmed that recently mBridge used by UAE and China for a CBDC transaction worth 50 million AED.
If the current rumours are true, it seems that the UAE is testing XRP in cross border payments.
$XRP #XRPGoal #xrpsucess
Its confirmed that recently mBridge used by UAE and China for a CBDC transaction worth 50 million AED.
If the current rumours are true, it seems that the UAE is testing XRP in cross border payments.
$XRP #XRPGoal #xrpsucess
XRP Gains as SEC’s appeal faces jeopardy over deadline confusion in Lawsuit
#XRP #xrpsucess #XRPPredictions #LawsuitUpdate
18 Oct 2024
• XRP exchanges hands above $0.55 on Thursday, gains nearly 1%.
• Market participants digest the confusion over a missed appeals deadline in SEC vs. Ripple lawsuit.
• SEC spokesperson confirms that the appeal will proceed normally and the documents with legal arguments will be filed publicly soon.
Ripple (XRP) gains on Thursday as traders digest the uncertainty in the Securities & Exchange Commission’s (SEC) appeal in the lawsuit. A spokesperson from the US-based financial regulator has confirmed that the process has been followed and the relevant documents will be available publicly soon.
XRP traded at $0.5507 at the time of writing on Thursday.
Daily Digest Market Movers: SEC’s appeal to go as planned in Ripple lawsuit
• The SEC made headlines early on Thursday for confusion over the deadline to file an appeal against the final ruling in the Ripple lawsuit.
• The SEC filed an appeal against the $125 million settlement and raised questions about the Howey Test’s application to XRP. This test is used to identify whether a token is a security and whether federal securities laws apply to it within the SEC’s jurisdiction.
• Ripple’s Chief Legal Officer, Stuart Alderoty, and CEO Brad Garlinghouse slammed the SEC for appealing the August 2024 ruling.
• Confusion over the deadline for filing an appeal raised the question of whether the SEC’s appeal is valid and will be accepted in the lawsuit.
• A Fox Business journalist, Eleanor Terret, said on the X social media site that an SEC spokesperson has affirmed that the appeals process is moving forward as planned and the documents will soon be publicly available.
NEW: Heard back from the @SECGov this morning. According to a spokesperson: “The appeal is proceeding normally, and the documents will be filed publicly soon."
— Eleanor Terrett (@EleanorTerrett) October 17, 2024
Technical analysis: XRP eyes 8% gain in its path to $0.60 target
XRP has been in a downward trend since July 2023, as seen in the XRP/USDT daily chart. The altcoin could climb another 8.42% to hit its psychologically important level at $0.60. This is a key level for several XRP holders since the token has managed to break through on a few occasions since May 2024.
The $0.60 level is considered a hurdle in the path to further gains, toward the $0.7429 target that coincides with the July 2023 peak for XRP.
The Moving Average Convergence Divergence (MACD) indicator shows green histogram bars after a series of red histogram bars. The trend reversed recently, and there is underlying positive momentum in the altcoin’s price.
XRP/USDT daily chart
If Ripple closes below the $0.5000 level on Thursday, it would invalidate the bullish thesis. This is a level where XRP has swept liquidity on several occasions. Therefore, it is a key support for the altcoin.
Another key support is the July 5 low of $0.3823. If XRP’s correction ensues, the altcoin could dip to this level before attempting a recovery.
18 Oct 2024
• XRP exchanges hands above $0.55 on Thursday, gains nearly 1%.
• Market participants digest the confusion over a missed appeals deadline in SEC vs. Ripple lawsuit.
• SEC spokesperson confirms that the appeal will proceed normally and the documents with legal arguments will be filed publicly soon.
Ripple (XRP) gains on Thursday as traders digest the uncertainty in the Securities & Exchange Commission’s (SEC) appeal in the lawsuit. A spokesperson from the US-based financial regulator has confirmed that the process has been followed and the relevant documents will be available publicly soon.
XRP traded at $0.5507 at the time of writing on Thursday.
Daily Digest Market Movers: SEC’s appeal to go as planned in Ripple lawsuit
• The SEC made headlines early on Thursday for confusion over the deadline to file an appeal against the final ruling in the Ripple lawsuit.
• The SEC filed an appeal against the $125 million settlement and raised questions about the Howey Test’s application to XRP. This test is used to identify whether a token is a security and whether federal securities laws apply to it within the SEC’s jurisdiction.
• Ripple’s Chief Legal Officer, Stuart Alderoty, and CEO Brad Garlinghouse slammed the SEC for appealing the August 2024 ruling.
• Confusion over the deadline for filing an appeal raised the question of whether the SEC’s appeal is valid and will be accepted in the lawsuit.
• A Fox Business journalist, Eleanor Terret, said on the X social media site that an SEC spokesperson has affirmed that the appeals process is moving forward as planned and the documents will soon be publicly available.
NEW: Heard back from the @SECGov this morning. According to a spokesperson: “The appeal is proceeding normally, and the documents will be filed publicly soon."
— Eleanor Terrett (@EleanorTerrett) October 17, 2024
Technical analysis: XRP eyes 8% gain in its path to $0.60 target
XRP has been in a downward trend since July 2023, as seen in the XRP/USDT daily chart. The altcoin could climb another 8.42% to hit its psychologically important level at $0.60. This is a key level for several XRP holders since the token has managed to break through on a few occasions since May 2024.
The $0.60 level is considered a hurdle in the path to further gains, toward the $0.7429 target that coincides with the July 2023 peak for XRP.
The Moving Average Convergence Divergence (MACD) indicator shows green histogram bars after a series of red histogram bars. The trend reversed recently, and there is underlying positive momentum in the altcoin’s price.
XRP/USDT daily chart
If Ripple closes below the $0.5000 level on Thursday, it would invalidate the bullish thesis. This is a level where XRP has swept liquidity on several occasions. Therefore, it is a key support for the altcoin.
Another key support is the July 5 low of $0.3823. If XRP’s correction ensues, the altcoin could dip to this level before attempting a recovery.
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