🚨 Ripple in Trouble: $XRP
Investors Beware! 🚨

Crypto exchange Bitnomial has just filed a lawsuit against the SEC, asserting that $XRP is NOT a security! ⚖️ The exchange claims the SEC has overstepped its jurisdiction over digital assets, arguing that XRP is a commodity regulated by the Commodity Futures Trading Commission (CFTC).

In a federal lawsuit filed in Illinois on October 10, Bitnomial contends that XRP traded in secondary markets should not be classified as a security, especially following Judge Analisa Torres’ ruling. However, the SEC has announced plans to appeal this decision.

Bitnomial is seeking a declaratory judgment that its XRP futures are not securities and is pushing for an injunction to prevent the SEC from interfering with its operations. This legal battle follows similar actions from Cryptocom and Canary Capital, who have also taken the SEC to court recently.

With these developments, the future of XRP hangs in the balance. Stay alert and keep a close eye on the unfolding situation!

#CryptoDeNostradame #ParrotBambooCrypto #XRP #Bitnomial #CryptoRegulation

MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#PraxisSociety #Blockstream #AzraGames #YellowCard #Bitnomial #zkPass #OpacityNetwork #SolvProtocol $SOLV

Frustration mounts as Ripple CEO Brad Garlinghouse criticizes the SEC's stance on $XRP futures, claiming it contradicts court rulings. Bitnomial challenges SEC's authority, arguing futures should fall under CFTC jurisdiction. The crypto community watches closely!

#Ripple #SEC #CryptoRegulation #Bitnomial

💥💥💥 $XRP Targets $1 with Election Patterns Suggesting a Potential Breakout

XRP’s price trajectory seems to echo patterns seen in previous U.S. election years, hinting at a potential breakout. Major investor confidence & platform support are on the rise, which could push XRP above the $1 mark.

Market patterns for XRP are aligning with historical election-year trends, showcasing price compression & consolidation that often precede a breakout. Similar technical signals were observed during past election cycles in 2016, 2020 & now in 2024, leading analysts to anticipate substantial post-election growth. In previous election years, XRP has consistently formed higher lows, establishing solid price floors during these periods.

With the 2024 election approaching, technical analysts are closely monitoring these trends, speculating that a post-election rally could propel XRP beyond the critical $1 threshold.

Beyond the Election: XRP’s Long-Term Outlook

- In addition to these trends, institutional interest & regulatory clarity are also supporting XRP's outlook. Major firms like Bitwise, 21Shares, and Canary have recently filed for XRP-focused ETFs, indicating rising confidence in XRP's future. These ETF applications reflect the financial sector's growing interest in offering XRP-based products tailored to institutional investors who see strong potential in Ripple’s ecosystem.

- Furthermore, a recent court ruling affirming XRP as a non-security has boosted liquidity & accessibility, with numerous U.S. exchanges re-listing XRP. #Bitnomial ’s launch of XRP futures marks another significant milestone, enabling more diverse investor participation in the XRP market.

- With these factors converging, optimism is building around XRP’s future. While the #SEC’s appeal remains a factor, analysts believe XRP's regulatory clarity could foster greater stability & growth potential.

- If historical patterns & current indicators align, XRP could once again see a post-election rally, potentially pushing it past the $1 mark.

#CryptoTrends2024 #BinanceSquareTalks