XRP primed for a recovery to $1 amid major development in SEC case

XRP primed for a recovery to $1 amid major development in SEC case
фото показано с : invezz.com

2022-2-19 16:20

The price of XRP/USD is primed for a bold recovery. While the market uncertainty is still there, the token could create a bullish flag as the market eagerly waits for a major development in Ripple’s case with the US Securities and Exchange Commission (SEC).

XRP eyes $1

Currently, XRP is on a downtrend. If the price continues to experience pressure from the declining market support, the token will test the lower support level at $0.756. At the time of writing, the price of XRP was sitting at $0.791.

During the past 24 hours, XRP’s prices ranged between $0.76 and $0.82, signalling a rise in volatility. The current price shows that buyers stepped in when the support was almost tested due to the speculation of an uptrend.

If XRP can make an upswing, the next resistance level lies at $0.836. The price movement shows that buyers entered at the $0.76 level, and if they continue accumulating, the other major hurdle at $0.86 will be broken. This could prime XRP for a recovery towards $0.91. Market makers will enter at this level, and XRP could move towards $1. If it hits $1, XRP will have made a 35% price gain.

If there is no support from buyers and the market, XRP will dip towards $0.67. Such a dip could signal a bearish flag, and increased selling pressure will push prices towards $0.54.

Developments in Ripple’s case with SEC

XRP’s price movement will be determined by unsealing two memos in the SEC vs Ripple lawsuit. The judge set February 17 2022 as the deadline for unsealing these memos, and the crypto community is eagerly waiting to see what is contained.

According to the SEC, the memos will show that Ripple’s Chairman, Chris Larsen, knew that XRP could be classified as a security per the market regulations. This could deal a major blow to Ripple and XRP’s price.

On the other hand, Ripple and Larsen have said that the SEC is not truthful about the memo’s contents. According to Ripple, the memos will prove that its lawyers had concluded that XRP was a token and not a security. x

The post XRP primed for a recovery to $1 amid major development in SEC case appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

X Real Estate Development (XRED) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 XRED

case sec xrp market recovery primed development

Источник: invezz.com

case sec → Результатов: 126


Фото:

Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams

Popular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the SEC’s case is based on mischaracterizations, but that shutdown for Kik is necessary to focus on […] The post Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams appeared first on Bitcoin News.

2019-9-25 16:20


Ethereum Market Analysis: ETH Statement At $230, Will Prices Sync With Darma’s Vision?

Today’s Ethereum (ETH) News A lot has been said about Ethereum. It is the pioneering smart contracting platform with real use case. Although there is no official statement from the US SEC stating overtly that the network is completely decentralized, many of its executive officials are confident it is. That is the kind of acknowledgement […]

2019-6-10 19:49


SEC Sues California Operator Behind $26 Million Crypto Pyramid Scam

By CCN: On Thursday, the U. S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in the case is Daniel Pacheco, 45, a resident of San Clemente, California who has been charged by the SEC with selling unregistered securities as well as operating a multimillion-dollar cryptocurrency pyramid scheme.

2019-5-28 09:16


Фото:

SEC Gains Injunction Against Blockvest LLC in Fraudulent Securities Case

In a sudden turn of events, the US SEC has been given an injunction against Blockvest, a digital asset firm accused of selling unregistered securities in a February 14, 2019, press release. New Developments The SEC has gained a small victory in their case agonists Blockvest, a blockchain-based asset exchange, by getting an injunction against them onRead MoreRead More.

2019-2-17 18:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto whales move 283 million XRP, stir market frenzy

XRP, the cryptocurrency backed by Ripple Labs, has caught the attention of crypto market participants today, May 20, as significant whale transactions have created a buzz. These movements come amid a period of highly volatile price action for XRP, prompting traders and investors to speculate on potential gains.

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…