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🚨Crypto: Towards a decisive resolution of the Ripple vs SEC dispute? ✅The legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) may soon be coming to an end. Ripple CEO Brad Garlinghouse recently expressed optimism that the long-running dispute will soon be resolved. Speculation surrounding a possible settlement has sparked a lot of interest within the crypto community. 🚨Progress towards imminent settlement ✅Brad Garlinghouse recently spoke on Bloomberg Markets: The Close about Ripple’s dispute with the SEC . The executive said , “We expect a resolution very soon, but we cannot predict exactly when the judge will issue his decision.” This comes after Judge Analisa Torres clarified key aspects of the dispute, including institutional sales of XRP, which are considered investment contracts. ✅Asked about possible settlement discussions with the SEC, Garlinghouse declined to comment directly. “I can’t comment on that at this time,” he said. However, he emphasized that the only part still in dispute concerns sales of XRP to institutional investors. 🚨Crypto Market Speculations and Reactions ✅Garlinghouse’s remarks have sparked speculation in the crypto community, with some hoping for a settlement before the end of summer 2024. Furthermore, the anticipation of this settlement has led to a significant increase in the price of XRP. The asset is currently the sixth-largest crypto with a market capitalization of approximately $32 billion. It is showing increasing trading activity and interest, fueled by expectations of a resolution to the litigation with the SEC.#US_Job_Market_Slowdown #BinanceTurns7
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Christian prophet Brandon Briggs has made headlines by predicting that XRP, a popular cryptocurrency, will reach an unprecedented $10,000. In a social media video, Briggs stated that this forecast came to him through divine revelation, though he did not specify a timeline for this astronomical rise. Most recent XRP price forecasts have relied on technical or fundamental analysis, but Briggs' prediction is notably different. He claimed that God informed him which asset would become the next major investment opportunity, comparing its future potential to that of Apple. According to Briggs, he was unaware of XRP until this supernatural revelation prompted him to research it online. Currently, XRP has seen a significant upswing, breaking above $0.60 and peaking at $0.635. It has risen 28.62% weekly to $0.5726. For XRP to reach the $10,000 mark, it would need to increase by an astounding 1,754,285% from its current price. Such a rise would make XRP the top cryptocurrency by market value, assuming Bitcoin does not see a comparable increase, given XRP's larger maximum supply. While no technical or fundamental analysis currently supports this forecast, some XRP enthusiasts are captivated by the idea of such a bullish surge. Notably, Briggs previously predicted an assassination attempt on Donald Trump, which turned out to be accurate. However, he clarified in a YouTube video that this prediction is his personal opinion and not financial advice. #BinanceTurns7 #Mt_Gox_BTC_Dip
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According to the latest Cryptoquant Insights report, a noticeable pattern of seller exhaustion is emerging. This indicates that Bitcoin sellers might be running out of momentum, which could suggest a potential bottom for $BTC price. Bullish Times Ahead! #US_Job_Market_Slowdown #SOFR_Spike
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$XMR has experienced a significant breakout. The main support level around $150 has been confirmed. As long as Bitcoin maintains its bullish trend, we expect XMR to reach our next target of $235. A 480% rise was tracked in the recent rally. #VanEck_SOL_ETFS #SOFR_Spike
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Price Regains $0.60: Key Levels to Watch Moving Forward XRP Price Analysis: Key Levels and Potential Corrections XRP price has successfully extended its increase above the $0.600 resistance zone. Currently, the price is consolidating gains and may correct lower towards the $0.5850 support level. Recent Price Movement - Fresh Increase: XRP price initiated another rise above the $0.60 resistance zone. - Current Trading: The price is trading above $0.5850 and the 100-hourly Simple Moving Average. - Bullish Trend Line: A key bullish trend line is forming with support at $0.5820 on the hourly chart of the XRP/USD pair (data source from Kraken). Resistance and Support Levels Resistance: - Immediate resistance is near the $0.620 level. - The first major resistance is at $0.6350. - The next key resistance is around $0.6420. - A clear move above $0.6420 could push the price towards $0.650 and subsequently to $0.6550. - Further gains might drive the price towards the $0.680 resistance level. Support: - Initial support on the downside is near the $0.600 level. - The next major support is at $0.5850, aligning with the trend line and the 50% Fib retracement level of the upward move from the $0.5330 swing low to the $0.6374 high. - If the price breaks below $0.5850, it could decline further towards the $0.550 support level. Technical Indicators - MACD: The MACD for XRP/USD is losing momentum in the bullish zone. - RSI: The RSI for XRP/USD is below the 50 level, indicating potential bearish pressure. Conclusion While XRP price has cleared the $0.600 hurdle and is showing bullish signs, it is currently consolidating and may correct lower. The key support level to watch is $0.5850. If this level holds, bulls might regain strength and push the price higher. Conversely, a break below $0.5850 could lead to a deeper correction towards $0.550. On the upside, breaking above $0.620 and $0.6350 could signal further gains towards higher resistance levels. Source - newsbtc.com#BinanceTurns7 #US_Job_Market_Slowdown
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