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💰💰XRP rises beyond $0.50 as Ripple prepares for $2 billion SEC penalty Ripple will submit its SEC opposition brief on Monday. Ripple will reply to the SEC's remedies-related opening brief's $2 billion fine proposal. XRP went over $0.50 after almost a week of resistance. On Monday, XRP reached $0.54 before Ripple filed its answer to the SEC remedies-related opening brief. XRP investors eagerly anticipate the payment firm's reaction to the regulator's $2 billion penalty proposal. Ripple will respond to the SEC's opening brief, which requested $2 billion in penalties, on Monday with its remedy-related opposing brief. Like the SEC's short, Ripple's brief won't be released until Wednesday, although sections of it may be. The lawsuit's developments boost XRP's price, so holders await Ripple's answer. One of Ripple's final opportunities to argue against penalties is the opposing brief. In a Fox Business interview, Ripple CEO Brad Garlinghouse expressed confidence about the payment firm's development ambitions, stablecoin, and XRP usage. Learn about it here. Since the court concluded the payment business breached the law, pro-Ripple attorney Bill Morgan stated Ripple will have to pay “some fines” and there may be no settlement. Ripple sells XRP to hedge funds, which the SEC claims is an unlicensed securities offering. Options The previous day, Coinglass data showed XRP open interest increased over 15%. An rise in Open Interest and price usually indicates traders building long bets. Technical analysis: XRP may challenge $0.60. After a week of consolidation, XRP surpassed $0.50 barrier. From its April 13 low of $0.4188, the cryptocurrency has recovered 25%. Next resistance is psychologically critical $0.60 and the April 9 peak of $0.6431. Fisher Transform Indicator confirms XRP bullish trend reversal. This technical indicator helps traders detect asset price turning moments and extreme prices. The transform passed above the signal line, signifying a bullish trend reversal and opportunities for sidelined buyers to acquire XRP. #XRP #Ripple $XRP

💰💰XRP rises beyond $0.50 as Ripple prepares for $2 billion SEC penalty

Ripple will submit its SEC opposition brief on Monday.

Ripple will reply to the SEC's remedies-related opening brief's $2 billion fine proposal.

XRP went over $0.50 after almost a week of resistance.

On Monday, XRP reached $0.54 before Ripple filed its answer to the SEC remedies-related opening brief. XRP investors eagerly anticipate the payment firm's reaction to the regulator's $2 billion penalty proposal.

Ripple will respond to the SEC's opening brief, which requested $2 billion in penalties, on Monday with its remedy-related opposing brief. Like the SEC's short, Ripple's brief won't be released until Wednesday, although sections of it may be.

The lawsuit's developments boost XRP's price, so holders await Ripple's answer. One of Ripple's final opportunities to argue against penalties is the opposing brief.

In a Fox Business interview, Ripple CEO Brad Garlinghouse expressed confidence about the payment firm's development ambitions, stablecoin, and XRP usage. Learn about it here.

Since the court concluded the payment business breached the law, pro-Ripple attorney Bill Morgan stated Ripple will have to pay “some fines” and there may be no settlement. Ripple sells XRP to hedge funds, which the SEC claims is an unlicensed securities offering.

Options The previous day, Coinglass data showed XRP open interest increased over 15%. An rise in Open Interest and price usually indicates traders building long bets.

Technical analysis: XRP may challenge $0.60.

After a week of consolidation, XRP surpassed $0.50 barrier. From its April 13 low of $0.4188, the cryptocurrency has recovered 25%. Next resistance is psychologically critical $0.60 and the April 9 peak of $0.6431.

Fisher Transform Indicator confirms XRP bullish trend reversal. This technical indicator helps traders detect asset price turning moments and extreme prices.

The transform passed above the signal line, signifying a bullish trend reversal and opportunities for sidelined buyers to acquire XRP.

#XRP #Ripple $XRP

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Leading developer Shytoshi Kusama Hints about SHIB Spot ETF The lively Shiba Inu community is excited as team member and head developer Shytoshi Kusama revives SHIB Spot ETF discussions. This tease comes amid mounting excitement over the SEC's approval of Ethereum Spot ETFs on Thursday, May 23. Shiba Inu Lead Dev Discusses SHIB Spot ETFs Shytoshi Kusama's suggestion on X (previously Twitter) has piqued Shiba Inu investors' and enthusiasts' curiosity, suggesting the project may be ready for a cryptocurrency sector shift. Kusama first congratulated the team on the newly authorized Ethereum spot ETFs in the X article. He said, “Congrats to our friends at Ethereum on the ETF approval.” He also wondered whether the discovery may lead to SHIB, specifically a spot ETF. The primary developer has let the Shiba Inu community or ShibArmy decide while he works on future improvements. Since Bitcoin exchange funds were approved in January, crypto enthusiasts have discussed a SHIB spot ETF. In February, the team discussed introducing SHIB items in its 10th magazine issue. The community was curious and hopeful when the cover page said “Wen SHIB ETF”. Many have been questioning, “Why not?” even though the SHIB magazine did not cover this prospective investment offering. Current initiatives may make SHIB a good option for institutional investment, notwithstanding industry reservations about its short-term viability. SHIB is also better off than other cryptocurrencies that are having problems being classed as commodities or securities since the SEC has never called it a security. Shiba Inu previously petitioned Grayscale Investments, the biggest asset management organization, for the items. Change.org said that the petition targeted former Grayscale CEO Michael Sonnenshein. The team highly urges the former CEO to apply for a SHIB spot ETF as the token meets the Howey test to be a non-security. They believe that without regulatory issues, the firm can go ahead more easily. #ETHETFsApproved #FIT21 #SHIB $SHIB #altcoins
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Ideas for Dogecoin Meme coin's $22.86 billion market value is Kabosu's legacy after his death. May 24 was the quiet death of Kabosu, the first Shiba Inu dog and the inspiration for Dogecoin. The $22.86 billion market capitalization of DOGE is a lasting legacy of the Dogecoin project. Despite a 6% gain for the week, the price of DOGE fell by 1.5% on Friday. The most valuable meme cryptocurrency by market value, Dogecoin (DOGE), was named after the beloved Shiba Inu dog Kabosu, who passed away early Friday morning following a courageous battle with leukemia and liver sickness. Kabosu became famous after being the inspiration for the "doge" meme. DOGE maintained its 6% weekly gains and fell 1.2% on Friday after the announcement. Kabosu, the Shiba Inu dog famous as the emblem of Dogecoin, the biggest meme currency by market value, gently died in the early hours of Friday, according to a blog post published by her owner. Dogecoin holders lament the passing of the original Doge meme dog. The renowned dog who battled leukemia and liver problems for over two years before she passed away is mourned by DOGE holders. On Friday, the market capitalization of DOGE, which was inspired by Kabosu, was roughly $22.86 billion. On Friday, the price of DOGE retraces. The price of DOGE fell from $0.16165, which is the 61.8% Fibonacci retracement level of the slide from the top of $0.2288 on March 28 to the low of $0.12010 on May 1. In the event that DOGE prices continue to decline, the $0.14740 and $0.12010 support levels from May 20 and May 1, respectively, would likely act as support. The 50% Fibonacci retracement of the fall from March 28 to May 1 is $0.17449, which may be reached if DOGE closes above $0.16165. According to the Moving Average Convergence Divergence indicator, DOGE is showing underlying positive momentum with green histogram bars. At the same time, the RSI is quite near to neutral at 51.97, which is the neutral zone. #DOGE #btc70k #altcoins $DOGE
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Strong Bitcoin Bulls: Over 450,000 Addresses Bought 273,000 BTC Bitcoin has cooled following a 25% rise from May 2024 lows. Despite this cool-off, some experts expect the currency to grow in future sessions. Bitcoin Supported Between $70,180 and $70,600 One expert wrote on X that Bitcoin has solid support between $70,180 and $70,600. On-chain data suggests that over 450,000 addresses acquired 273,000 BTC at this price, the researcher said. The high concentration of BTC holdings in this zone indicates strong support. If the level is breached, sellers must push harder and sell more BTC. Glassnode, an on-chain monitoring startup, says Bitcoin is cooling following strong selling. After rising to $73,800 in March 2024, the currency fell to $56,500 this month. Although prices have rebounded, bulls have yet to breach above all-time highs. Glassnode notes that volatility has lessened despite weak capital inflows. Whether volatility rises once $72,000 is breached is unknown. Whether BTC bulls can overcome the drop is all-important. Another analyst wrote on X that this retreat and bulls' inability to complete the May 20 leg higher shouldn't worry investors. An expert is optimistic, claiming pullbacks are normal in bull markets. Analyst cites recent 23% correction. It matters that every retracement was from a higher level. Next local bottom may be about $80,000, higher than the last one. BTC faces heavy $72,000 barrier. Even with stronger efforts in early April, the bulls failed to cross this mark. Technically, this response level matters. Any breakthrough now would enhance BTC prices' chances of retesting $73,800 or higher. Inflows to Bitcoin ETFs and increasing mood may boost demand in the coming days. BTC bulls will likely confirm the May 20 bar and breach local resistance. #btc70k #buythedip #MicroStrategy #BlackRock $BTC
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3 Cryptos to Buy Before Year-End Rally Ethereum: Strong network activity is driving its development, like Bitcoin. Solana: Finding a promising NFT niche. Nabox: Nabox Wallet in all its glory. ⭐Ethereum The new Ethereum “Dencun” version reduced data prices, improved network performance, and included proto-dank sharding and cheaper Layer 2 transactions. Ethereum may reach $4,878 (or higher) due to SEC judgments on spot Ethereum ETFs. Coin*** latest research paper notes Ether's 2024 underperformance vs Bitcoin but its long-term strength. Ethereum has shown promise despite a 29% year-to-date growth, less than Bitcoin's 50%. ⭐Solana Solana leads crypto innovation. This is due to this network's lightning-fast transactions and low costs. To grow this industry, NFT developers and blockchain users require this speed and cost structure. Solana's token price has risen like the others on this list. This cryptocurrency outperformed Bitcoin and Ethereum after finding support at $138. This will have to continue, but if Solana can consolidate above current levels, fresh resistance levels might become support on the way up. ⭐NABOX In like a boss, Nabox Wallet! Nabox Wallet, a Web3 cross-chain DID software, is your entrance to multi-chain. This wallet lets you manage assets across blockchains for DeFi, GameFi, NFTs, and other use cases. It's like a Swiss Army knife for digital assets, but without the corkscrew (who needs one while conquering blockchain?). The elephant in the room: how safe is this wallet? Nabox Wallet's DID employs an asymmetric cryptographic technique, so you'll use the same private and public keys across blockchains to handle your assets and data. It's like a secret handshake with the blockchain, but without the inconvenience of remembering the motions. There's more! SwapBox, a Nabox Wallet feature, combines popular DEXs for asset and cross-chain trading. It's like having a personal shopper for your digital assets, but without the critical stares when you purchase a dancing kitten NFT. #ETHETFsApproved #Sol #nabox $ETH $SOL
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XRP holders await SEC vs. Ripple judgment, Chair Gensler discusses regulator court battles A Ripple lawsuit judgment is anticipated shortly after FIT21, the new US crypto bill. At the ICI 2024 Leadership Summit, SEC Chair Gary Gensler said the agency has done well in court. ex XRP gained 3% this week, surpassing $0.53 on Friday. Holders anticipate the SEC-Ripple (XRP) case judgment. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have often criticized SEC Chair Gary Gensler and his “regulation by enforcement” strategy. Chair Gensler discussed the SEC's court performance at a leadership conference. XRP rose beyond $0.53 on Friday. The altcoin rose 5% on Binance this week. While XRP investors await the SEC vs. Ripple litigation verdict, agency Chair Gary Gensler discusses the agency's court performance. Chair Gensler told the ICI 2024 Leadership Summit that the SEC has won crypto cases in court. The agency's case against Ripple may not fit the sweeping assertion. In SEC vs. Ripple, the agency claimed that the business marketed unregistered securities (XRP) to institutional customers at varying prices/discounts, netting “ill-gotten gains,” and wanted a $2 billion punishment. Ripple requested a $10 million fine and is prepared for a ban on US institutional XRP sales, according to lawyers familiar with the issue. Today more than ever, Gensler is a political problem for the Biden administration. Why 71 Dems supported FIT21 across the aisle. The XRP rise has good momentum, according to the Moving Average Convergence Divergence (MACD). The RSI at 52.93, confirming XRP's rebound. Ripple might rise almost 7% to $0.5703, its May 6 and April 22 high, if its rally continues. The altcoin has seen resistance here since April 13. XRP may sweep liquidity at the May 23 low of $0.5027. The altcoin is near to $0.50, a psychologically crucial support for Ripple. #FIT21 #XRP #Ripple $XRP #altcoins
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