XRP posts sluggish gains as the case with SEC drags on – What next?

XRP posts sluggish gains as the case with SEC drags on – What next?
фото показано с : coinjournal.net

2022-8-17 00:09

Ripple’s case with SEC continues to drag on, affecting the XRP price

The native token has gained by 0.97% in a week despite escaping a consolidation zone

XRP was dislodged from the sixth position by Cardano’s ADA

Ripple XRP/USD is now the 7th largest cryptocurrency after posting negligible gains. Cardano, which has been surging lately, has claimed the 6th spot, previously held by XRP. A spot check of XRP on CoinMarketCap shows the token has just 0.97% gains in a week.

XRP’s failure to inspire a rally after a breakout underlines caution around its case with the SEC. A positive case outcome is expected to be a major boost for XRP. However, with investor sentiment shifting to alternative tokens, XRP could remain subdued.

Nothing confirms the likely winner in the tussle expected to shape the direction of crypto regulation. However, Ripple has been winning small milestones ahead of the expected ruling. On August 3, a US judge Sarah Netburn allowed Ripple access to videos of SEC officials. The case outcome is expected before the end of the year, although delays are still possible.

XRP fails to rally after a breakout from a consolidation channel

Source – TradingView

Technically, XRP has kept the $0.375 support intact. It is the breakout zone from the consolidation channel. However, momentum is weakening, with the MACD line crossing below the moving average. The token is also sliding below the 21-day moving average.

Concluding thoughts

XRP remains bullish, but momentum is waning. That could be due to investor concerns regarding the outcome of the case with the SEC. Should the case outcome be positive, XRP would explode to new levels. 

A positive projection of the case could also trigger XRP jump above the current level. Investors should be aware that XRP could slide further at the current level as momentum wanes.

The post XRP posts sluggish gains as the case with SEC drags on – What next? appeared first on CoinJournal.

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Ripple (XRP) на Currencies.ru

$ 2.2319 (-0.38%)
Объем 24H $11.143b
Изменеия 24h: -0.61 %, 7d: -7.58 %
Cегодня L: $2.1858 - H: $2.2889
Капитализация $127.781b Rank 4
Цена в час новости $ 0.3771 (491.86%)

xrp sec case drags posts sluggish gains

Источник: coinjournal.net

xrp sec → Результатов: 126


XRP готовится бросить вызов $0,60, торгуясь в рамках бычьего канала

По мере того, как усиливаются дискуссии вокруг крайнего срока подачи апелляции SEC, цена XRP начала расти в рамках бычьего канала. Достигнет ли она отметки $0,60? С приближением крайнего срока подачи SEC важнейшего заявления Form-C по продолжающемуся делу Ripple цена токена XRP демонстрирует бычий рост.

2024-10-18 17:58


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Является ли XRP ценной бумагой? SEC всё ещё утверждает, что да. На днях биржа Bitnomial подала в суд на SEC, заявив, что комиссия превышает свои полномочия в вопросах регулирования фьючерсных контрактов на XRP.

2024-10-11 09:52


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Комиссия по ценным бумагам и биржам США (SEC) предполагает, что компания Ripple использовала торговых ботов от GSR Markets для фальсификации торговой активности и поддержания курса XRP.

2024-3-2 13:28


By The Numbers: Deciphering XRP’s Lost Momentum Amid The SEC Lawsuit

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2023-8-23 00:00


Адвокат XRP: Апелляция SEC не повлияет на Ripple

Адвокат XRP Джон Дитон заявил, что апелляция Комиссии по ценным бумагам и биржам США (SEC) против решения суда о том, что XRP не является ценной бумагой, не станет серьезной неудачей для Ripple. По его словам, даже если SEC подаст апелляцию в суд второй инстанции, то процесс может занять до двух лет, а тем временем решение… Сообщение Адвокат XRP: Апелляция SEC не повлияет на Ripple появились сначала на Hash Telegraph.

2023-7-23 12:44


XRP начал дорожать на фоне важной судебной победы Ripple над SEC

Крипторынок с воодушевлением отреагировал на решение суда по иску Комиссии по ценным бумагам и биржам США (SEC) к компании Ripple. Цена XRP сразу подскочила до $0,59 и продолжает расти.

2023-7-14 20:37


Майкл Сэйлор назвал XRP и ETH неэтичными криптовалютами

Сооснователь MicroStrategy прокомментировал судебное разбирательство компании Ripple с Комиссией по ценным бумагам и биржам США (SEC), назвав XRP незарегистрированной ценной бумагой, а эфир — неэтичной криптовалютой.

2022-12-7 14:20


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