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Cyrpto Chewing Gum Boy.
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Big news for XRP. The future is now.
BRICS completes first oil deal and Xrp is a major bridge for exchange and transactions
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CryptoBreaker
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Big News for $XRP 🔥🔥🔥🔥🔥🔥🔥🔥🔥
"BRICS: CHINA COMPLETES FIRST INTERNATIONAL OIL DEAL IN DIGITAL YUAN! 🇨🇳
The deal is the first oil deal settled in China’s Central Bank Digital Currency (CBDC)!
#XRP will bridge CBDCs! "
#xrp #crypto2023 #cbdc
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Ripple vs SEC lawsuit Game-Changing Settlement Discussions The lawsuit has held the crypto community,as its at a transformative juncture.Judge Analisa Torres presiding over this case has provided a crucial update. Essentially defining the boundaries of what can be explored by both parties. SEC’s letter to the federal judge,in November 9,holds substantial weight in the scope of permissible discovery.Both sides have agreed that the permissible discovery should focus on event preceding the SEC’s initial complaint against Ripple.This focuses on the pre-complaint period is critical to the settlement discussions.Making this settlement so debatable. On a positive note,settlement in the XRP lawsuit could bring crucial benefits.Firstly,it would offer clarity regarding the status of XRP,benefiting both the cryptocurrency industry and its investors.Secondly,avoiding a lengthy trial would save substantial legal costs,enabling both parties to allocate resources more efficiently.Thirdly,a settlement would remove the cloud of regulatory uncertainty for Ripple,allowing the company to operate confidently. However,settling the case may have potential downsides.It could set a precedent for future crypto-related legal battles,potentially influencing regulatory approaches.Bypass the chance to establish clear industry regulations leaving ambiguity. Finally,agreeing on the terms and timing of a settlement is bound to be a complex process,potentially prolonging the case.The SEC has asked for 90 days to conduct discoveries related to remedies, which Ripple has accepted,showing a willingness to cooperate.However, Ripple can still challenge any discoveries made after the this.The SEC has also been granted permission to depose a key witness, Anthony M. Bracco,within the next 90 days. This phase may be challenging,as predicted by pro-XRP lawyer John Deaton.He sees a settlement of $20 million or less as a significant success for Ripple.While Jeremy Hogan suggests,the Ripple case is essentially concluded as the SEC has dismissed the remaining aspects,ruling out further trials in 2024.
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#XRPUpdate Very Important Ripple (XRP) v. SEC Lawsuit Deadline For Today $770 million in potential fines for Ripple labs Judge Analisa Torres has mandated SEC and Ripple to propose a joint brief regarding remedy for the lawsuit,or one will be set for them.SEC seeks a $770 million settlement. Ripple’s flagship event, Swell, is occurring in Dubai on November 8th-9th,coinciding with the brief,XRP has seen significant announcements,as Africa’s largest payment processor and HSBC adopting XRP for global use and institutional custody.The legal developments and positive news from the Swell conference are contributing to a bullish trend.This phase of the proceedings will ultimately settle the long-running lawsuit.But if they can’t agree by Nov 9,the district court will decide for them.Moreover, the briefs will allow each party present their arguments about remedies. That will end running headache for Ripple Labs and XRP investors. Ripple Swell Gathers XRP Boosters in Dubai The Nov 9 briefing deadline for the Ripple Lawsuit is not the only important event for XRP token holders this week. There’s also Ripple Swell in Dubai, Nov 8 – 9th. It’s Ripple Labs flagship global conference, bringing together business partners, investors, and XRP token enthusiasts. So far, there have been some big announcements at this year’s Ripple Swell, for example: “Major bombshell announcements already made on the opening day of Ripple SWELL 2023 -Largest Payment Processor in Africa will USE #XRP across the world -HSBC one of the largest banks in the world will USE Ripple’s Metaco for Institutional custody” No wonder XRP token traders are bullish for Ripple price on exchanges this week. What shall be the out come of this brief shall determine the next phase of the Xrp.Let us know you response in he comment session
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Xrp scores yet another Endorsement
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Ripple’s XRP Gains Momentum with 73% Year-to-Date Increase: Is $0.9 the Next Target? Ripple (XRP) sees a 2.64% rise, trading at $0.5864.XRP remains bullish with gains of 5% weekly and 12% monthly.Impressive year-to-date gains stand at 73%.Many speculate that XRP is eyeing a $0.9 target to attain new ATH. This report shows a turn of events in October,when the SEC made an unexpected decision.It was on that day that all lingering charges against Ripple Et all were droped “with prejudice.” This move puts an unalterable end to the allegations,ruling out any potential for future claims against these critical figures.This definitive decision eliminates the need for a trial initially for 2024,With these both sides are transitioning into the remedies stage.The court will deliberate on what should be applied,taking into account the court’s ruling that certain institutional sales can indeed be categorized as sales of securities. This latest development adds to a string of recent victories for Ripple, including a verdict on July 13 that firmly established XRP as a non-security.It also follows an October 3 judgment that rejected the SEC’s appeal. Despite the legal challenges within the United States,Ripple has made substantial strides globally.The company recently achieved a significant milestone by securing a payment institution license from the Monetary Authority of Singapore(MAS).This accomplishment is a testament to the importance of Ripple’s payments business, especially in the strategically vital regions of Southeast and East Asia. Ripple sold over 892 million XRP tokens. Out of their total holding of 46.5 billion XRP, 41.3 billion is escrow.This division was detailed in the report,with one category for operational use and the other comprising tokens held in escrow,accessible at one billion per month. Additional,approximately 5% of XRP trading now occurs on U.S. exchanges since trading resumed on July 13.There’s also a noticeable trend towards XRP trading against stablecoins like USDT than traditional fiat currencies Coinpedia first showcase this report
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XRP Price Prediction As Bulls Pick Up The Pace Above $0.6, Can Hit It $2 In November? Unlike many of its peers, XRP sustained the bullish outlook for the third week in a row. On top of this impressive performance that has seen it surge 16% in 30 days,the cross-border money remittance token kept the uptrend,increasing by 7.7% in 24 hours to trade at $0.61 on Tuesday. The surge in buy and sell contributed immensely to the trading volume,which hit $2.3 billion on Tuesday based on market data from CoinGecko. XRP is back to trading above $0.6 for the first time since mid-August. In addition to the buy signal presented with the blue MACD line flipping above the red signal line,the momentum indicator holds above the mean line while ascending into the positive region.As long as this bullish outlook sustains,the path with the least resistance is bound to remain to the upside. Bulls must prepare to deal with an acute resistance highlighted by the 38.2% Fibonacci retracement at $0.62 and the subsequent hurdle at $0.65. For the first time since April, XRP price has formed a bullish cross on the daily chart. This chart pattern occurred with the 50-day Exponential Moving Average (EMA) flipping above the long-term 200-day EMA. Traders often depend on the Golden Cross to ascertain the validity of the uptrend.This pattern must be accompanied by a relevant increase in demand for the token to be effective. The Relative Strength Index (RSI) confirms the bullish narrative and the strong market structure with its strength above 75.Traders should be alert and not rule out potential pullbacks.Meanwhile, support is expected at $0.56 an area likely to function as an accumulation level, allowing more investors and traders to buy lower-price XRP tokens for gains above $1. Increased liquidity means high volatility — two key parts for price rallies in the crypto market. Pullbacks and consolidation moments are necessary in bull markets, as they help build the momentum for larger breakouts in XRP’s case, significant enough to close the gap to $2. #XRPWave
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