• bitcoin
    Bitcoin(BTC)
    $44,236.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $3,099.46 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $429.53 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $1.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $1.09 5.58%24H
  • chainlink
    Chainlink(LINK)
    $16.79 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $339.29 5.04%24H
  • stellar
    Stellar(XLM)
    $0.219 4.19%24H
  • vechain
    VeChain(VET)
    $0.060 7.84%24H
  • tezos
    Tezos(XTZ)
    $4.15 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00100 3.34%24H
Crypto Currency Bazaar 4u
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home ALTCOIN

XRP Showing Strength In The Legal Fight As New Evidence Arises

CB4U by CB4U
February 21, 2022
in ALTCOIN
0
XRP Showing Strength In The Legal Fight As New Evidence Arises
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The returns on Ripple were promising in the past decade, but it largely missed out on significant crypto gains. However, it did succeed during the early parts of last year until April, when its value grew significantly higher than before, only to be replaced by other cryptocurrencies later in autumn, which had much better performances throughout that period.

XRP has been making lower highs since 2017, and the price is bearish. Other cryptocurrencies continued to make record highs until November 2021, but XRP’s price had grown slowly. During last month’s dip, XRP had slipped below $1, falling to $0.55. It met SMA200 (purple) on weekly charts, which provided support for a second time; then started bouncing higher again in January this year.

Related Reading | Representing Lawyer of XRP Holders Predict SEC’s Next Move As Ripple Price Hikes

XRP/USD is climbing higher, but buyers haven’t been able to push the price above 50 weeks SMA (yellow), which stands at $1.9 and acts as resistance in the top level for now; however, a jump from 055 did show some bullish signs since they gained around 60%. A week later, markets turned bearish again overall, but XRP holding onto its gains indicates that there could be more upsides left within rangebound periods.

XRP still green even all other major cryptos are red | Source: XRP/USD chart on Tradingview.com

XRP Fight Against SEC

The main reason XRP is falling behind the rest of the crypto market has been a legal battle that started more than one year ago, when SEC opened their case against Ripple, claiming it’s an investment contract. Everyone following this lawsuit will determine how blockchain technology should develop in America for future generations.

Ripple has faced many challenges in its lawsuit against the SEC. One recent twist was that judge Analisa Torres granted them permission to respond, which they did with fair notice of defense earlier this month.

Analysts Reviews On Ripple Fate

The end may be near for this case, which would mean greater appreciation in XRP’s price.

Related Reading | Bitcoin Plunges Below $40 As Russia Has Reportedly Given Its Forces Order To Attack Ukraine

James Wo, founder, and CEO of  DFG said in an email to CoinDesk;

We’ve seen in tech history that no matter the result of the trial, verdict or closed-door agreement, supporters regularly see the ending of a legal battle as a bullish sign. This increase could be the beginning of a bullish period for XRP if indeed the long-lasting trial comes to an end in the upcoming months.

Some people predict that XRP will lose favor among investors because there is now a newer, more popular payment token in the market.

Another statement by Vladimir Gorbunov, CEO of Crypterium, explains;

Ripple’s outlook remains questionable because market conditions have changed dramatically over the past few years. A large number of companies making similar solutions to Ripple. However, Ripple is the most popular service in the segment of interbank transactions.

                 Featured image from Pixabay, chart from TradingView.com
Advertisement Banner
Previous Post

Bitcoin Supporters Enjoy Credit Suisse Corruption News

Next Post

Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High

CB4U

CB4U

Next Post
Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High

Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High

Discussion about this post

RECOMMENDED

Why the Matt Damon Crypto.com commercial has been under fire

Why the Matt Damon Crypto.com commercial has been under fire

6 months ago
Israeli central bank yet to make decision on pursuing CBDC despite public support

Israeli central bank yet to make decision on pursuing CBDC despite public support

3 months ago

DON'T MISS

ETH Soars to 3-Month High, AXS Adds 12% Despite Recent Ronin Hack

ETH Soars Above $2,000 to Multi-Month High: Weekend Watch

August 13, 2022
Curve Finance Asks Users To Revoke Recent Con…

Binance Announces Seizure Of Assets Linked To…

August 13, 2022
Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto – Security Bitcoin News

Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto – Security Bitcoin News

August 13, 2022
Vauld Fight Backs Over ED Allegations

Vauld Fight Backs Over ED Allegations

August 13, 2022
Crypto Currency Bazaar 4u

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

ETH Soars to 3-Month High, AXS Adds 12% Despite Recent Ronin Hack

ETH Soars Above $2,000 to Multi-Month High: Weekend Watch

August 13, 2022
Curve Finance Asks Users To Revoke Recent Con…

Binance Announces Seizure Of Assets Linked To…

August 13, 2022
Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto – Security Bitcoin News

Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto – Security Bitcoin News

August 13, 2022

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $44,236.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $3,099.46 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $429.53 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $1.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $1.09 5.58%24H
  • chainlink
    Chainlink(LINK)
    $16.79 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $339.29 5.04%24H
  • stellar
    Stellar(XLM)
    $0.219 4.19%24H
  • vechain
    VeChain(VET)
    $0.060 7.84%24H
  • tezos
    Tezos(XTZ)
    $4.15 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00100 3.34%24H