RIPPLE
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The SEC is seeking approximately $2 billion in penalties from Ripple. However, Ripple argues that it should only be liable for penalties amounting to no more than $10 million.
Ripple's lawyers pointed out that in similar cases, the SEC has accepted civil penalties ranging from 0.6% to 1.8% of the defendant's gross revenues, including more severe instances. They emphasized that Terraform follows this precedent. In contrast, the SEC is pursuing a civil penalty well beyond this range, despite the absence of fraud allegations in this case and negligible losses to Institutional Buyers.
$XRP $BTC $ETH
#RIPPLE #BinanceTournament #halving #ATH
Ripple's lawyers pointed out that in similar cases, the SEC has accepted civil penalties ranging from 0.6% to 1.8% of the defendant's gross revenues, including more severe instances. They emphasized that Terraform follows this precedent. In contrast, the SEC is pursuing a civil penalty well beyond this range, despite the absence of fraud allegations in this case and negligible losses to Institutional Buyers.
$XRP $BTC $ETH
#RIPPLE #BinanceTournament #halving #ATH
Ripple's ETF Plans: Ripple is reportedly seeking a Senior Manager of Business Development in New York, with a focus on promoting ETF plans related to cryptocurrency, specifically implying the preparation for an XRP ETF. If a futures XRP ETF can be launched, it could be an important step towards a spot XRP ETF.
#XRP #BTC #ETH #RIPPLE
#XRP #BTC #ETH #RIPPLE
XRP Perpetual Futures Open Interest skyrockets to $610 million
XRP Perpetual Futures Open Interest (PFOI) has shot up significantly since March 24 to around $610 million at its peak.
Open interest refers to the number of open futures contracts traders hold at the end of a trading day. It is commonly used to gauge market sentiment and the strength underlying price moves.
Whereas perpetual futures are a form of derivative contract, with no expiration date, that is cash settled â as opposed to settled in the underlying asset.
XRP perps skyrocket
Analysis from the data platform Kaiko showed a spike in XRP PFOI.
Since the start of March, XRP PFOI had been holding relatively steady, at around $300 million. However, on March 22, a significant jump in PFOI occurred â spiking as high as $500 million.
Through to March 26, a downtrend followed. But as we entered this week, futures traders began piling in to lift XRP PFOI much higher â peaking at $610 million on Wednesday.
Further analysis from Kaiko showed spot XRP daily trading volume rising and falling in tandem with PFOI â with a monthly peak at around $2.5 billion on two occasions.
The chart below shows spot volumes being primarily driven by the Korean market.
SEC lawsuit drawing to a close?
In December 2020, the SEC filed charges against Ripple over allegations it had raised over $1.3 billion through the unregistered XRP token.
âthe defendants failed to register their offers and sales of XRP or satisfy any exemption from registration, in violation of the registration provisions of the federal securities laws.â
Since then, both sides have stated their case, with many observers noting the fragility of the regulatorâs arguments.
While many XRP advocates expect a favorable decision, Judge Torres has yet to give her final verdict.
Some in the XRP community expect the outcome to be delivered before March 31. However, there has been no official confirmation of this deadline.
It should be noted that this date was a predictive estimate from James Filan â a lawyer who has been monitoring this case.
The daily chart below shows anticipation of the case conclusion filtering into the spot price around March 22. Since then, XRP recorded 57% gains at its peak â to post a 46-week high.
#XRP #RIPPLE #Binance #crypto2023 #crypto
Open interest refers to the number of open futures contracts traders hold at the end of a trading day. It is commonly used to gauge market sentiment and the strength underlying price moves.
Whereas perpetual futures are a form of derivative contract, with no expiration date, that is cash settled â as opposed to settled in the underlying asset.
XRP perps skyrocket
Analysis from the data platform Kaiko showed a spike in XRP PFOI.
Since the start of March, XRP PFOI had been holding relatively steady, at around $300 million. However, on March 22, a significant jump in PFOI occurred â spiking as high as $500 million.
Through to March 26, a downtrend followed. But as we entered this week, futures traders began piling in to lift XRP PFOI much higher â peaking at $610 million on Wednesday.
Further analysis from Kaiko showed spot XRP daily trading volume rising and falling in tandem with PFOI â with a monthly peak at around $2.5 billion on two occasions.
The chart below shows spot volumes being primarily driven by the Korean market.
SEC lawsuit drawing to a close?
In December 2020, the SEC filed charges against Ripple over allegations it had raised over $1.3 billion through the unregistered XRP token.
âthe defendants failed to register their offers and sales of XRP or satisfy any exemption from registration, in violation of the registration provisions of the federal securities laws.â
Since then, both sides have stated their case, with many observers noting the fragility of the regulatorâs arguments.
While many XRP advocates expect a favorable decision, Judge Torres has yet to give her final verdict.
Some in the XRP community expect the outcome to be delivered before March 31. However, there has been no official confirmation of this deadline.
It should be noted that this date was a predictive estimate from James Filan â a lawyer who has been monitoring this case.
The daily chart below shows anticipation of the case conclusion filtering into the spot price around March 22. Since then, XRP recorded 57% gains at its peak â to post a 46-week high.
#XRP #RIPPLE #Binance #crypto2023 #crypto
Just In: XRP Breaks $0.6 Resistance, Moves Up
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After days of struggle, XRP finally broke through the $0.6 resistance level. Investor confidence and purchasing interest have returned, which is a strong bullish signal for the market.
Apart from market-related data, technicals also show XRP's rise above $0.6, and it is currently trading at roughly $0.61. The 50 EMA and the 100 EMA, which are the long-term moving averages, have been crossed above by the 26 EMA.
A bullish indication that may lead to additional price increases is the short-term trend strength suggested by this crossover.
The positive sentiment around XRP has also been supported by the increasing trading volume. Volume increases can cause longer-lasting price movements because they usually reflect greater liquidity.
#XRP #RIPPLE #SEC #BTC #MtGox $XRP $DOGE $ADA
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After days of struggle, XRP finally broke through the $0.6 resistance level. Investor confidence and purchasing interest have returned, which is a strong bullish signal for the market.
Apart from market-related data, technicals also show XRP's rise above $0.6, and it is currently trading at roughly $0.61. The 50 EMA and the 100 EMA, which are the long-term moving averages, have been crossed above by the 26 EMA.
A bullish indication that may lead to additional price increases is the short-term trend strength suggested by this crossover.
The positive sentiment around XRP has also been supported by the increasing trading volume. Volume increases can cause longer-lasting price movements because they usually reflect greater liquidity.
#XRP #RIPPLE #SEC #BTC #MtGox $XRP $DOGE $ADA
Let's hope for the successful closed door meeting and settlement between #RIPPLE and #SEC tomorrow đ
Because if this meeting is postponed again and if the investors loose their confidence tomorrow then the every single $XRP holder will duck up including me đ
In 4 hours timeframe the price trend and pattern are showing beautiful đť dump đ¤Ľ
Because if this meeting is postponed again and if the investors loose their confidence tomorrow then the every single $XRP holder will duck up including me đ
In 4 hours timeframe the price trend and pattern are showing beautiful đť dump đ¤Ľ
Whale Activity Boosts XRP Price
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In recent weeks, Rippleâs XRP has experienced a noticeable price increase, contrasting with declines in Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB), which fell by 4%, 5.10%, and 3.5%, respectively. This bullish trend in XRP has emerged despite the overall cryptocurrency marketâs value dropping by 2.8%. Investors of the seventh-largest cryptocurrency by volume have found this uptick encouraging.
Whale Alert, a service that monitors significant blockchain transactions, reported significant movements involving XRP on July 30. Notably, whales transferred 70 million XRP tokens, valued at approximately $42.48 million, from the Binance exchange.
#XRP #RIPPLE #SEC #BlackRock #EthereumETF $XRP $ADA
30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Donât miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]
In recent weeks, Rippleâs XRP has experienced a noticeable price increase, contrasting with declines in Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB), which fell by 4%, 5.10%, and 3.5%, respectively. This bullish trend in XRP has emerged despite the overall cryptocurrency marketâs value dropping by 2.8%. Investors of the seventh-largest cryptocurrency by volume have found this uptick encouraging.
Whale Alert, a service that monitors significant blockchain transactions, reported significant movements involving XRP on July 30. Notably, whales transferred 70 million XRP tokens, valued at approximately $42.48 million, from the Binance exchange.
#XRP #RIPPLE #SEC #BlackRock #EthereumETF $XRP $ADA
Here's a rewritten version of the text, free of plagiarism and with a more neutral tone:
"The recent surge in XRP's value can be attributed to a combination of factors. The cryptocurrency's price saw a significant 17% increase within a 24-hour period, its largest weekly gain in a year, grabbing the attention of investors. From a technical standpoint, the relaxation of Bollinger Bands suggested a potential price move, generating excitement among analysts. Additionally, the clarification of XRP's legal status following Ripple's court victory against the SEC has boosted confidence in the cryptocurrency. Speculation about a potential settlement between Ripple and the SEC has further fueled the positive sentiment, contributing to XRP's rise."
#RIPPLE
#binanec
"The recent surge in XRP's value can be attributed to a combination of factors. The cryptocurrency's price saw a significant 17% increase within a 24-hour period, its largest weekly gain in a year, grabbing the attention of investors. From a technical standpoint, the relaxation of Bollinger Bands suggested a potential price move, generating excitement among analysts. Additionally, the clarification of XRP's legal status following Ripple's court victory against the SEC has boosted confidence in the cryptocurrency. Speculation about a potential settlement between Ripple and the SEC has further fueled the positive sentiment, contributing to XRP's rise."
#RIPPLE
#binanec
Ripple (XRP) Showing Signs of Potential Uptrend, Analysts Cautiously Optimistic
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Recent chart patterns indicate a potential reversal for XRP, with technical analysts noting a âgolden crossâ formation, suggesting possible growth ahead.
#Bitcoin #Altcoin #Cryptocurrency #XRP #RIPPLE $XRP
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Recent chart patterns indicate a potential reversal for XRP, with technical analysts noting a âgolden crossâ formation, suggesting possible growth ahead.
#Bitcoin #Altcoin #Cryptocurrency #XRP #RIPPLE $XRP
Ripple (XRP) is at a crossroads. The price is down and needs to recover soon to avoid a deeper slump.
Good signs: Price holding above $0.5 support zone, RSI showing signs of recovery in the BTC pair.
Bad signs: Price significantly below 200-day moving average, making lower highs and lows in the BTC pair.
If XRP can't break above the resistance level (around $0.6) or the RSI doesn't improve, the price could fall further. Do your own research before investing in XRP.
#XRPUSDTđ¨ #RIPPLE #bitcoin #BinanceLaunchpool #Metaverse
Good signs: Price holding above $0.5 support zone, RSI showing signs of recovery in the BTC pair.
Bad signs: Price significantly below 200-day moving average, making lower highs and lows in the BTC pair.
If XRP can't break above the resistance level (around $0.6) or the RSI doesn't improve, the price could fall further. Do your own research before investing in XRP.
#XRPUSDTđ¨ #RIPPLE #bitcoin #BinanceLaunchpool #Metaverse
When markets reverse to the upside (if they don't have already) $XRP is gonna breakout from a re-accumulation range that have lasted for over a year. The wait is almost over and the strength is has shown lately is telling, expect violent moves. #RIPPLE #Babylon_Mainnet_Launch #BinanceHODLerBANANA #BinanceTurns7 #BinanceTournament
XRP Lawyer Backs Judge Torres Deeming Ex-SEC Officialâs Statement âIncorrectâ
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XRP lawyer challenges former SEC official John Reed Stark's interpretation of Judge Torres' ruling in the Ripple case, sparking debate over regulatory clarity in crypto markets.
In the ongoing legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC), a recent statement by ex-SEC official John Reed Stark regarding XRP secondary market sales sparked controversy. Notably, pro-XRP lawyer Bill Morgan swiftly countered Starkâs assertion, igniting further debate in the crypto community.
Meanwhile, as regulatory clarity remains a key concern for investors, the nuances of court rulings hold significant weight in shaping the future of cryptocurrencies.
#Bitcoin #Ethereum #Cryptocurrency #RIPPLE #XRP $XRP
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XRP lawyer challenges former SEC official John Reed Stark's interpretation of Judge Torres' ruling in the Ripple case, sparking debate over regulatory clarity in crypto markets.
In the ongoing legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC), a recent statement by ex-SEC official John Reed Stark regarding XRP secondary market sales sparked controversy. Notably, pro-XRP lawyer Bill Morgan swiftly countered Starkâs assertion, igniting further debate in the crypto community.
Meanwhile, as regulatory clarity remains a key concern for investors, the nuances of court rulings hold significant weight in shaping the future of cryptocurrencies.
#Bitcoin #Ethereum #Cryptocurrency #RIPPLE #XRP $XRP
#RIPPLE Forming Bearish Flag Pattern:
1⣠$XRP Currently trading in Bearish Flag.
2⣠Breakdown Mean $0.04 Level for Accumulation.
3⣠Breakdown Point: $0.4950
4⣠Pattern Invalidate: Candle Close Above $0.54
#XRP #Cryptotrading #Binance #CryptoPatel
1⣠$XRP Currently trading in Bearish Flag.
2⣠Breakdown Mean $0.04 Level for Accumulation.
3⣠Breakdown Point: $0.4950
4⣠Pattern Invalidate: Candle Close Above $0.54
#XRP #Cryptotrading #Binance #CryptoPatel
#XRPUSDT #XRP #RIPPLE $XRP
Based on this asset, I dare to assume that we might experience further decline towards the support area, along with a retest of the lower boundary of the large triangle. However, I won't be shorting it; instead, I'll wait for a long entry point. I'll observe how the asset behaves near support, look for long formations on a smaller timeframe, and enter a long position if conditions are favorable. For now, I'll be patient; there's no need to rush into this. If you like what I'm doing, hit the like button and subscribe! Thanks to those who leave tips!
Based on this asset, I dare to assume that we might experience further decline towards the support area, along with a retest of the lower boundary of the large triangle. However, I won't be shorting it; instead, I'll wait for a long entry point. I'll observe how the asset behaves near support, look for long formations on a smaller timeframe, and enter a long position if conditions are favorable. For now, I'll be patient; there's no need to rush into this. If you like what I'm doing, hit the like button and subscribe! Thanks to those who leave tips!
BREAKING NEWS
Ripple (XRP) saw a 2.2% increase after a possible victories comeback against SEC(Securities And Exchanges Commission).
SEC was looking at a $2.2 billion fine and now Ripple is proposing a $10 million settlement instead.This has brought confidence in investors thus resulting in the 2.2% increase in the past 24hours.
There is a report of a whale actually accumulating of over 31 million coins over the past few weeks.
Is this the greenlight to accumulate more Ripple coin or wait after the SEC issue.
Is Ripple the next Bitcoin ?
$XRP #SEC #RIPPLE
Ripple (XRP) saw a 2.2% increase after a possible victories comeback against SEC(Securities And Exchanges Commission).
SEC was looking at a $2.2 billion fine and now Ripple is proposing a $10 million settlement instead.This has brought confidence in investors thus resulting in the 2.2% increase in the past 24hours.
There is a report of a whale actually accumulating of over 31 million coins over the past few weeks.
Is this the greenlight to accumulate more Ripple coin or wait after the SEC issue.
Is Ripple the next Bitcoin ?
$XRP #SEC #RIPPLE