$XRP waiting for a price drop to buy here!! .... Information about the XRP lawsuit for those who don't know. The lawsuit has been ongoing for a while, no need to worry 🤣 In December 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs, alleging that the company raised $1.3 billion through the sale of XRP as an unregistered security.
In a ruling on July 13, 2023, Judge Analisa Torres determined that the sale of XRP to institutional investors violated securities laws, while sales to individual investors on exchanges did not violate the law.
As of August 7, 2024, the court ordered Ripple to pay a fine of $125 million and prohibited future violations of securities laws.
However, the SEC appealed this ruling in October 2024, continuing to argue about the classification of XRP as a security.
The lawsuit is still ongoing, and the final outcome will have a significant impact on the future of Ripple and the cryptocurrency market.
Based on the Coinglass chart, this is additional analysis to predict the direction of BTC:
1. Liquidity Zone Analysis: • Price range from 92,000 - 93,000 USDT: There is high accumulated liquidity, indicating many buy orders waiting in this area. This is a strong support zone; if the price decreases, it is likely to bounce from here. • Price range from 96,000 - 97,000 USDT: There is average accumulated liquidity, which is a temporary resistance area. The price needs strong buying power to break through.
2. Price Movement Potential: • With strong liquidity in the 92,000 - 93,000 USDT range, BTC is unlikely to drop significantly below this level in the short term. • The current level of 94,000 USDT is situated between two liquidity zones. If buying pressure increases, the price may move toward the 96,000 USDT range, but the potential to bounce further will encounter strong resistance.
3. Combined with Trend and Indicators: • If BTC holds above 94,000 USDT: There is a high probability it will continue to recover and test the 95,500 - 96,000 USDT range in the coming hours. • If BTC drops to 92,000 - 93,000 USDT: This will be an important support zone. The price could bounce strongly from here, creating momentum back toward the 94,500 USDT range.
4. Short-term Prediction (5:30 PM - 9:00 PM):
BTC tends to fluctuate within the range of 93,000 - 96,000 USDT,
favoring a recovery trend towards 95,500 - 96,000 USDT if buying power remains stable.
How much is the bottom 2 price to get in for everyone 😀
LIVE
HENRY-ERIC
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$BTC core inflation number good, this is good information, right now it's really chaotic about the reports from the Americans. If they use a simple index to steal goods, then the game is small and nothing - if the core inflation report is like this then in the short term there will be fluctuations and the coin has created a bottom 1, I will wait to test bottom 2 to enter $XRP
admin recorded the history of proof, but did not specify any time, speaking very generally. The price of BTC will still drop to 90u, waiting for the price of XRP to reach 1.7u to gather, okay brothers.
$XRP Actually, the whale's dumping is to gather more to make the brothers fear the spot, fear after that, it leads after 4-5 times before skyrocketing, please calmly review the candle history yourself.
The XRP promotion is intense, I didn't buy a single coin. I have doubts about it, I've been holding this since the beginning, I think it was at 0.86, holding it until Tet, do you think that's interesting?
$XRP is really a weather vane bird 😆😆 if it rises slightly, the main character (BTC) will want to commit suicide 😆😆 predicting xrp will go down to 2.1 in the next 4 days 😁
$XRP is really a weather vane bird 😆😆 if it rises slightly, the main character (BTC) will want to commit suicide 😆😆 predicting xrp will go down to 2.1 in the next 4 days 😁