您现在的位置是:Why XRP remains attractive despite falling back >>正文
Why XRP remains attractive despite falling back
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛51661人已围观
简介Ripple and SEC have called for a summary judgment regarding the classification of XRP.Ripple asserts...
Ripple and SEC have called for a summary judgment regarding the classification of XRP.
Ripple asserts that SEC did not provide sufficient evidence.
XRP has fallen back in the consolidation zone but remains attractive.
There is finally some light at the end of the tunnel for Ripple’s XRP/USD case with the US SEC. In a filing on September 17, both sides asked for a summary judgment of the long-standing battle. Normally, summary judgments are called by parties when they believe they have sufficient evidence. Thus, the case is called without the need to go to the final trial.
Just as it has been in the past, Ripple is confident of winning the case. They argue that the SEC did not present sufficient evidence to support its claim that XRP should be a security. A case ruling in favor of Ripple would be a bullish trigger for XRP. Caution must, however, be exercised since the outcome remains in question.
XRP moves above moving averages amid market correction
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountUphold
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Buy XRP with Uphold todayXRP has been in consolidation mode since June. The price has barely surpassed $0.38. The extended consolidation indicates bear exhaustion since XRP was bearish previously. It also indicates that buyers are cautious in scooping the token at a low level.
Source – TradingView
A technical outlook shows that XRP has moved above the 20-day moving average. It is also trading at the 50-day MA. The MACD indicator is bullish. Previously, XRP attempted to break above the $0.38 zone before embarking on a correction. It suggests that buyers are looking to take XRP higher but lack the volumes to do so.
Concluding thoughts
Although the Ripple versus SEC case outcome is unknown, investors are looking to buy XRP. The extended correction is an indication of a suppressed bear market. A breakout above $0.38 is on the card if there are indications of a Ripple win.
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/1194.html
相关文章
Bearish sentiment could overtake BNB, ETH and SAFEMOON price
Why XRP remains attractive despite falling backThe cryptocurrency market is ending the week positively after a few coins touched new all-time highs...
阅读更多
IOTA’s ShimmerEVM integrates LayerZero for cross
Why XRP remains attractive despite falling backShimmerEVM’s integration with LayerZero is expected to enhance cross-chain communication and D...
阅读更多
New survey shows greater adoption for crypto and blockchain
Why XRP remains attractive despite falling backAn equally large percentage of executives think security and regulation are still the main barriers...
阅读更多
热门文章
最新文章
KuCoin Pool launches to bring consistent earnings to miners
Union Investment to add BTC to its various funds
Bitcoin records further decoupling from gold and silver
ORDI's remarkable comeback in the top 100 cryptocurrencies as NuggetRush's presale soars
Ripple secures a ‘huge win’ as Judge rules XRP is ‘not’ a security
Bitget formally enters Turkey with a new website