On the 4-hourly, XRP sat below the 50-day EMA while hovering above the 200-day EMA. The EMAs sent bearish near-term but bullish longer-term price signals. An XRP break above the 50-day EMA would support a move to the $0.6609 resistance level. However, a drop below the 200-day EMA...
Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind the XRP token (XRP-USD), alleging that Ripple and its current and former chief executives had been conducting a $1.3 billion, unregistered securities offering by selling XRP, which Ripple’s founders...
XRP remained comfortably below the 50-day and 200-dayEMAs, affirming the bearish price signals. An XRP break above the trend lines would support a move to the 50-day EMA. A breakout from the 50-day EMA could give the bulls a run at the 200-day EMA and the $0.5739 resistance level. ...
day, even if all 100 billion XRP were available at adoption, there wouldn’t be enough to fill the need of the banks when it comes to using the digital currency to transfer from fiat to fiat. The plaintiffs also argue in their lawsuit that all signs point to XRP being a security and ...
That case, of course, is the lawsuit brought in December 2020 by the SEC against the blockchain-based payments network. The Commission alleges that Ripple violated federal securities laws by selling more than $1.3 billion worth of XRP to investors without registering them as securities. ...
Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before listing XRP, but didn’t face any objection. Author:PANews This content is only to provide market information and does not constitute investment advice...
Update on the SEC Lawsuit Against Ripple On March 6, the Court issued a 57 page opinion deciding which opinions of the SEC’s and Ripple’s experts can be considered on summary judgment (and, if needed, at trial) and which opinions need to be “stricken.” Specifically, the SEC’s expe...
Finally, if widely adopted, XRP has a real chance to become the first world bridge currency. However, this will depend heavily on the final outcome of the SEC vs Ripple lawsuit. You can view an XRP price prediction at on our dedicated price prediction page. The exchange predicts that the ...
Is XRP a “security?” Sponsored Sponsored Since the SEC sued Ripple and its executives at the twilight of the Trump administration, there has been a legal tussle to resolve the dispute out of court. The SEC’s primary argument in theongoing lawsuitcenters around the allegation of Ripple, by...
In that case, the SEC takes XRP as the said security. Ripple is said to have transacted XRP worth upward of $1.3 billion. Since the charges were filed in late December 2020, the crypto’s price has been greatly impacted by the lawsuit. It lost around 50% of its price...