您现在的位置是:XRP posts sluggish gains as the case with SEC drags on >>正文
XRP posts sluggish gains as the case with SEC drags on
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛12976人已围观
简介Ripple’s case with SEC continues to drag on, affecting the XRP priceThe native token has gaine...
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.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/41344.html
相关文章
NASA's MOXIE concludes Mars mission with oxygen success
XRP posts sluggish gains as the case with SEC drags onBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.NASA'...
阅读更多
Bitcoin tops $43k once again: Is it time to buy more Memeinator tokens?
XRP posts sluggish gains as the case with SEC drags onKey takeawaysBitcoin is up by 3% in the last 24 hours and is now trading above $43k once again.Memei...
阅读更多
SatoshiVM Dumps Millions, Sending Price into Freefall; $GFOX ICO Tipped as Best of 2024
XRP posts sluggish gains as the case with SEC drags onNavigating the volatile crypto landscape requires strategic skills and a keen eye for emerging oppor...
阅读更多
热门文章
- Bangladesh Now Offers Blockchain Remittance Services
- Linera Launches Public Devnet to Expand its Breakthrough Microchain Technology to Rust Developers
- The Bahamas Plans To Launch CBDC in October
- This AI trainer achieved amazing results with dual
- Bitcoin has been forked more than 400 times since 2009
- Tori Amos: Spotlight Live, NYC
最新文章
Merlin Chain Secures Funding to Empower "Bitcoin
Crypto Volumes Up By 88% In Q3 As DeFi Hype Boosted Growth
Fergie Drops New Single & Music Video for “M.I.L.F. $”
Miley Cyrus Channels Elvis in “Younger Now” Music Video
Bonnaroo 2015 Photo Diary: Florence and the Machine, Spoon, Betty Who, & More
Ripple CEO Speaks Up On India Reconsidering Ban On Crypto