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XRP vs SEC LawsuitIf you haven`t bought the chart reversal here: Then you should know that the SEC sued Ripple in late 2020, arguing that the payments firm sold XRP as an unregistered security. The U.S. Securities and Exchange Commission must produce documents Ripple intended to use as evidence. Coinbase Wallet announced this week that it would stop supporting Ripple’s XRP, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM) on December 5. For a perfect storm after the FTX exchange collapse, XRP should lose the lawsuit against the SEC and plunge into the crypto abyss.
Short
by TopgOptions
3
🔥 ⚔️XRP vs SEC: Ripple to the Moon soon❓🔥 Hi friends! Finally, the Ripple case may end next week, which will be a strong impetus for the entire cryptocurrency market. After the SEC and Ripple Labs filed motions for summary judgment on September 17, they were given until November 30 to file their summary judgment documents. On 2 December, both parties will meet to discuss any redactions in the court filings. Then, the summary judgments will then be made public on 5 December. 📊 MORE ABOUT THE RIPPLE CASE The company’s founders used XRP as digital assets to raise funds in 2013. The company raised almost $600 mln. selling their coins to investors. The SEC classified it as unregistered IPO and illegal actions. The decision of this case will provide a legal basis for the resolution of many disputes. If the verdict is in favor of Ripple, it can force Bitcoin to PUMP by 5-15%. This case had a negative impact on the price of altcoin, because during the entire bull market, the coin grew by only 500%, which is much less even than huge Bitcoin. ✅ Ripple can easily grow by 50-60% due to its large capitalization. 📊 MY TARGETS FOR RIPPLE: 1. $0.5 - the key level and an even number 2. $0.6-0.63 - the closest value area 3. $1 - the most important key level 🚩 I recommend you to book 30% of profit when each of the targets is reached. This way you will definitely stay in profit. Also, do not forget about risk management. 📊 The bad news is at least yesterday's delisting of some altcoins from Coinbase Wallet, including Ripple. Also, the FTX scam added a lot of negative to the crypto , which can definitely have a bad effect on any court decision in relation to the crypto and Ripple. In any case, we will know the answer in a week and traders have to be prepared before it happen. Traders, what decision will the court make for Ripple? Write your thoughts in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
6
The Howey Test: securities and cryptocurrencies / Ripple vs SECThe Howey Test The Howey Test is a legal test to assess whether certain transactions are investment contracts. If a transaction is an investment contract, it can be considered a security by the SEC. It is subject to specific disclosure and registration obligations under federal securities laws. The test got its name after the 1946 Supreme Court decision in SEC v. W. J. Howey Co., 328 U.S. 293 (1946). So, in this the Court defined an investment contract. Since then, courts throughout the United States have employed the Howey Test. This to evaluate whether a specific transaction qualifies as an investment contract. If so, it will then be handled as a security. In fact, the Securities and Exchange Commission (SEC) has long used the Howey test. In its most basic form, the Howey test requires that a transaction involve the following: (1) an investment of money (2) in a common enterprise (3) with an expectation of profits predominantly from the efforts of others. Digital assets Cryptocurrencies, digital or virtual tokens that use cryptography for security, have garnered much attention recently for their potential to take on fiat currencies. Their legal classification, however, has been unclear. For example, in the United States, the Securities and Exchange Commission (SEC) has been struggling to determine whether cryptocurrencies are securities. On June 14 in 2018, the SEC finally released its long-awaited report on The DAO, a decentralized autonomous organization that had raised over $150 million in a token sale. The SEC’s report stated that cryptocurrencies can be securities and that The DAO was an illegal security offering. Actually, the digital asset space is emerging and constantly changing. A digital asset is a unit of value created and managed by its creators that may be exchanged on an online marketplace. As a result, they are subject to the same rules as conventional securities. However, in many places, the legitimacy of digital assets is still being contested. Digital assets are frequently regarded as securities. This is primarily due to the fact that digital assets are frequently used to raise finance for a company. According to the Securities and Exchange Commission (SEC), digital assets may constitute securities. As a result, digital assets could be subject to federal securities regulations. Moreover, regulatory agencies are struggling to adapt to the rise in digital assets. These agencies must answer the question of whether digital assets should be seen as securities. Yet, the majority of digital assets are currently not registered with the SEC, which raises the question of whether the SEC has the authority to regulate digital assets. Ripple One company that the SEC has been investigating is Ripple, the company behind the cryptocurrency XRP. Ripple is facing a lawsuit from the SEC which alleges that it violated securities laws by selling $1.3 billion worth of XRP tokens. The SEC is seeking to determine whether Ripple’s XRP token is a security. So, the outcome of this case will likely have a significant impact on the cryptocurrency industry as a whole. Furthermore, the SEC settles the majority of its lawsuits rather than going to trial. Individual cryptocurrency enterprises must comply with SEC orders and pay penalties in order to be released. Ripple, unlike many others, went all the way and participated in a legal brawl. Ripple has particularly referenced some of the SEC members' connections to other crypto platforms, specifically Ethereum. While there is no proof of these connections at this time, the commission gave Ethereum a pass on securities legislation. They claim that it operates in a decentralized manner while using XRP. This seems very fishy. As a result, Ripple perceived the SEC as prejudiced in its application of the security concept to virtual currencies such as XRP. However, Ripple's lawyers stated that the SEC never warned or notified the company. Also, Ripple wasn’t advised that XRP could be categorized as a security, according to the US regulator. Conclusion It is still unclear who will end up winning. For now, the assumption is that the final date will be somewhere in March 2023. The thing that matters is that the results will affect the crypto market in one way or the other. Therefore, for the benefit of the whole crypto industry, it is important for Ripple to get away with a win.
KRAKEN:XRPUSDEducation
by vf_investment
9
XRP BULLISH SENTIMENTGood potential funnel at the beginning of formation on the daily chart. XRP has been showing positive sentiment compared to other crypto rivals in the past couple of months, recovering faster, dipping lower, etc. Nearing SEC vs Ripple LABS case "season finale", ripple is resuming collaboration that was set on hold during the case development, which itself is a positive indicator for the asset. We would more likely see a funnel bullish brake rather bearish one. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
2
October 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the Crypto Losses Q3 2022 Report released by Immunefi, the crypto industry lost $2,328,917,230 so far in 2022. Bitcoin is up 0.63% over the last 24 hours and rose to an intraday high of $19,239.86. The producer price index increased 0.4% for September, compared with the Dow Jones estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. Investors will be focusing on Thursday's CPI report, which is expected to show annual inflation increasing 8.1%. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone. Today’s Cryptocurrency Headline Yuga Labs Faces Investigation From the SEC Yuga Labs, creators of Bored Ape Yacht Club NFTs, is facing a probe by the U.S. Securities and Exchange Commission into whether sales of some of its offerings violate federal law. The regulator is investigating whether certain assets released by Yuga Labs could be treated more like stocks and therefore should follow the same rules as stocks. Yuga Labs said in an email that it is committed to fully cooperating with any investigation. The opening of the probe is not a foregone conclusion; Yuga Labs has not been accused of wrongdoing and the probe may not result in a legal battle. It sits within the concept of wider scrutiny by the regulator over crypto-related activities. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
XRR - RIPPLE / USDTXRP -RIPPLE seems to be doing a flat "ABC" correction as a rule that waves "A" and "B" must have 3 moves and wave "C" must have 5 moves to finish the correction, now RIPPLE is in a lawsuit against the Securities and Exchange Commission (SEC) since they want to classify RIPPLE (XRP) as a value but everything seems to be moving towards XRP being the winner, apart from the fact that it is having a very good adoption by banks and countries with large institutional capital behind. I think the XRP trial is going to end in their favor and with them a big rise will be seen, its CEO said that by July 2023 the case will be closed. PS: You can finish before that date Preferably wait for a 1-2 pattern when we believe that wave "C" is over to ride the next impulsive wave
Long
by Ed_Ale
The Case for XRP causing ripplesWhat's up Traders, The Fundamentals of Ripple: I'm not going to bore you with the business and use-case for 'Ripple' and their token (XRP) . You can easily DYOR and form your own Opinions on the matter. In short: Ripple and XRP are currently being consulted with and used by a number of large United States and International Banks. The Chart Technical's: Ripple showing very BULLISH on the chart. If you know , you know. If you don't, just take my word for it. ;) PS: Technical Analysis is not an exact science :D The Alpha you're seeking: Ripple token (XRP) was de-listed from US exchanges after the SEC filed suit, claiming that the token violated existing securities law. -- Fast Forward to today -- SEC and XRP have concluded their arguments with the COURT and have asked the Judge to settle the case. By every account and my own interpretation of the proceedings Ripple is poised to win the case, which should enable the otken to be re-listed on exchanges in the US. The headline event itself will bear upside to the token price. I also anticipate there is 'pent up' American demand. Those willing to 'dabble in crypto, but with less appetite for risk, have certainly shied away from the coin. Taking on extra risk, you could see a large upside if the court rulings are favorable and I am correct in my analysis above. My Strategy: I am currently long XRP/USD targeting .55 as a short term milestone. a buyer up until around 1.20 where i would re-analyze / TP / or / remain in the trade. If the bullish scenario unfolds, i expect the coin to trade in excess of 1.50 within 2022. Good Luck.
BITSTAMP:XRPUSDLong
by WillNixTrading
12
🤖 #BTCLIVE - 4.10 🤖🤖 #BTCLIVE - 04.10 🤖 TLDR: Short-Term (-1 Day) 40:60- Bullish:Bearish Mid-Term (1 Week+) 40:60 Bullish:Bearish Long-Term (1 Month+) 60:40 - Bullish:Bearish OVERVIEW: With no particularly crazy FED announcements this week and no BTC options expirations we should be in for a relatively low volatility week. $20k is looking particularly hard to break so I am expecting consolidation around this area to form a bit of a bullish pennant that is set up to fail unless it can start to trade and consolidate above $20k comfortably ie. at least a daily close above $20k. The DXY has dropped alittle bit to allow this run up for BTC although is finding dupport on the 20DEMA there now so that might bounce and take BTC down with it. For general targets - breaking above $20.3k in order to see $21k although any higher than that is going to be a stretch which will fill the weekly pivot. Breaking below $19.7k will likely see BTC reenter the high value area for continued ranging between $19k/$18.8k to $19.8k. I am not hugely bullish atm. TECHNICAL ANALYSIS: BULLISH FACTORS: +Broken out of 200EMA & 20DEMA + Broken up out of High Value Area + Lots of bullish news + Large unfilled weekly pivot area + Low value areas overhead + Broken Local Trendline resistance + Descending Wedge on the Weekly BEARISH FACTORS: - 50 DEMA Resistance Incoming - Double Top - Bearish Divergence - High Volume Node Resistance - Overbought on 1h RSI - Key Overhead Resistance NEWS: Bull: + Russia allows international trade ing BTC and crypto for any industry + 🦄 Fashion brand Hugo Boss announces plans to launch its first-ever #NFT collection. + Argentina's state-owned oil & gas company is mining Bitcoin at one of the biggest oil fields in the co… t.co + New York FED President John Williams says inflation will likely come down to 3% by next year. Bear: - Reserve Bank of Australia raises interest rates by 25bps to 2.6%, highest since July 2013. - SEC fines Kim Kardashian $1.3 million for illegal promotion of crypto token cryptopanic.com Volatility * UN Warns Fed to Cool Rate Hikes cryptopanic.com * Financial Stability Oversight Council calls on Congress to create federal framework for #stablecoin issuers. * Biden administration urges Congress to pass laws to clear up #cryptocurrency regulation.
INDEX:BTCUSD
by Kryptochristian
5
XRP LEG2 ABC CORRECTIONhello guys i hope you are well this time i think that the leg2 of elliot waves must do an ABC correction PATTERN. instead of doing just a correction from 0.50 to 0.45 xrp is doing the ABC PATTERN. why this happens? well because it didnt have to much power to convert the normal down trend in an upsidetrend inmediatly, and this happened 90% of times in al crypto market. some times that 10% its just a big pump as we remember in july 2021 or the Bigest Bullrun in history in february march last year.
BITFINEX:XRPUSDLong
by CoinPlusTrader
1
XRP - Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. XRP has been overall bearish trading inside the falling brown channel. We are currently retesting the upper brown trendline and 0.55-0.6 resistance zone. For the bulls to take full control, and expect a long-term bullish movement, we need a weekly candle close above 0.6 Meanwhile, the bears can kick in for one more bearish movement inside the channel before the breakout upward. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:XRPUSD
by TheSignalyst
7
| XRPUSD | SET FOR BEARISH CONTINUATION IN THE SHORT RUN.Good day, I would like to speak about the price action on XRP in a smaller time frame in order to catch those smaller price movements. As you can see from my title I am leaning towards a bit more action to the downside around the $0.40 range before we have a pushback up to previous resistance levels seen in the $0.50 range. On the 26th Sep, we broke out of a triangle pattern which, together with the critical resistance level supplied from prior action, resulted in pushing the price to the bears with the target of $0.42 which was met only 2 days later. From then on the price has been playing itself into an ascending triangle with strong resistance at the $0.45 level. Obviously, this pattern is still in early development and can reform itself into a double bottom on the $0.42 level which in turn breaks my prediction of levels closer to $0.40 but that's what the game is about in the end, using your expertise to push your position into a favorable trade. If the price continues to fall before retracing off the $0.45 level at least once more, then the price action would be structuring itself for a double bottom, therefore this area is vital for securing a favorable position. Don't forget to leave a like and comment. I am always open to discussions regarding the crypto market if you feel you have information to share. Thanks @TradingView
BITFINEX:XRPUSDShort
by Crisp_Flow
| XRPUSD | OVEREXTENDED MOVE HAS REACHED ITS RESISTANCE!Good day all, This article is an extension of my previous article, which basically explains the direct correlation to the previous bear market structure. The first article is recommended to be read prior to this and therefore I am linking it below: Now that you have scoped that article all of this will make sense. I have zoomed the time frame to the daily chart and have found even better results of correlation between the two time zones. As seen in yellow these levels of support and resistance are indicated as being the previous bear market's strong levels of support and resistance. Now the correlation between the 2 aren't exact but are almost exactly $0.025 apart from each other which is an astoundingly interesting finding as past price action does tend to rhyme. If you read the last article you will see why I have placed month intervals from 17-19, if not they indicate the months following the beginning of the bear market in each respective time zone, which happen to be the same amount of months leading up to the most recent explosion in price. This fact alone would be a coincidence however after analyzing the daily chart correlation I have found key levels which are too similar to be a coincidence and therefore can be used as a good indicator of where the price could go. Some would argue that XRP has finally detached itself from the BTC cyclical structure due to the most recent hike in price leaving BTC in the wake, however, what you must understand is there are always going to be idiosyncratic events that detach individual assets from a general cyclical market mover, which in this case in BTCs market structure. The idiosyncratic event as we all could guess is the current SEC VS Ripple summary judgment brief news. Another bearish indicator based on this current news is that generally investors and retailer traders tend to buy the news and sell the release and this may be one of those cases, even though a win for Ripple would be revolutionary news it will most probably result in a healthy retracement back down to the cyclical average as the idiosyncratic phase as passed. I will also add fuel to the fire by adding that we still have plenty of bear market left based on the halving cycle being far from sight and a potential continuation of the bears for BTC, which in terms is a catalyst for the continuation of the entire market to the downside. Reference to 2019 May-June (17th month): In this time period the price experienced a move of above 60% growth within this month placing XRP above the previous resistance that it had consolidated below for around 171 days which made this resistance exceptionally strong, however, the price eventually converted this resistance into support for a period of 57 days before all hell broke lose and the price saw a steady decline leading to the 2020 bottom on the 13th March at the valuation of just under $0.11. I am not in turn coming out by saying the price is going to reach these levels again but that is what the historical data shows. The Image below expressed the price action of the 17th month which correlates well with the current 17th-month price action: Reference to 2019 June-July (18th month): We have not entered the 18th month yet however, based on prior correlation at such an accurate degree we could see such price action occur. We saw a retracement at the beginning of the month in order to create the structure for the double top that followed near the end of the month. The price touched the key support level multiple times solidifying the $0.38 level as a strong support and resistance level for future prices. I have attached both the 17th and 18th-month price action to better understand the double top: Reference to 2019 July onwards: The price did not hesitate to continue at a fast pace to the downside leading to the eventual bottom at $0.11 in march of 2020, 256 days later. If I had to use the exact amount of time between the 19th month and the bottom to call a bottom of the current market it would put us at the 25th May 2023. This is not by any means a legit statement however if the price action does follow the general action of the past we could see a bottom around that time, which analysts have predicted prior to my findings. So who knows, all we can do is speculate and use the past as an indicator at the end of the day. I have attached an image of the whole 2019 bearish period up to the current price: I am thoroughly thanking you if you got this far in the article and if you did please comment your opinion and leave a like, would be much appreciated.
BITFINEX:XRPUSDShort
by Crisp_Flow
XRP Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum. With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. XRP/USDT short Entry Range: $0.48 - 0.50 Take Profit 1: $0.43 Take Profit 2: $0.36 Take Profit 3: $0.31 Stop Loss: $0.56 my last bullish chart with price targets reached
Short
by BuySellMarketMaker
3
September 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to OKLink, the total number of ETH 2.0 pledged addresses has exceeded 430,000, reaching a record high of 430,308. Bitcoin is up 4.88% over the last 24 hours and rose to an intraday high of $20,320.00. The largest cryptocurrency managed to break the psychological level of $20,000, which indicates strong demand at the $20,000 price level. The relative strength index (RSI) is moving away from the oversold zone, suggesting the bears are losing control. If the price breaks above the 20-day EMA ($20,344), the BTC/USDT pair could rally toward the 50-day simple moving average (SMA) ($21,964). Today’s Cryptocurrency Headline SEC to Set Up New Cryptocurrency Disclosure Office The U.S. Securities and Exchange Commission (SEC) will set up a new office for cryptocurrency filings. Cicely LaMothe, the associate director for disclosure operations, said the office would be part of the Division of Corporation Finance, which handles disclosures for publicly traded firms. The SEC believes the new office is necessary to address “unique and evolving” filings around crypto assets, the vast majority of which are considered securities by the SEC, LaMothe said at a legal conference in Washington on Thursday. According to LaMothe, the SEC is expected to have legal and accounting branches for crypto firms to consult and file with. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
| XRPUSD | HEADED FOR LOWER LOW!Today I will be diving into the short-term fluctuations XRP is currently enduring. On the 2 hourly charts, it is clear we have broken out of an ascending triangle formation. This formation may have a neutral probability however, the bearish probability in this instance was stronger due to this triangle being part of a series of smaller patterns influenced by a previously bigger ascending triangle breakout as expressed in the image below, This screenshot is taken from the daily chart to express the bigger picture and potential target for the market to come: Now that you see the bigger picture you can understand why the bearish break from the current pattern was almost inevitable…well at least statistically. 2-hour chart: The price had broken out of the pattern earlier this morning and what followed has strengthened my confidence in the continuation of the downtrend due to the pair sticking to a healthy decline by retracing to the previous support as a resistance. On top of this textbook example of an ascending triangle break, the price also sits right below a strong level of resistance in the short term which is expressed using the Fibonacci retracement indicator (38.2% fib, RED). Major support: The next important area of support to watch out for is seen in the range of 0.31334 and 0.30998. This level has proven to be strong as it holds strong support for a double bottom seen in the confines of the previous ascending triangle (yellow lines, look at the image above). This level isn't just drawn from the sight of eye but is a Fibonacci level (78.6%) drawn between the low of the ascending triangle to the high. Therefore it is clear that we will spend some time consolidating in this area before potentially breaking to our target of 0.2869. However only time will tell. Thank you for your much-valued time. I shall greatly appreciate your honest take on this article. @TradingView
BITFINEX:XRPUSDShort
by Crisp_Flow