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SEC WASTING TIMEThe SEC has filed a Letter of Supplemental Authority in support of its Motion to Strike Ripple's Fair Notice Defense. The fair notice defense was filed in April, they've had plenty time to respond to it and now submit this as an after thought 10 months later whilst Ripple have incurred legal fees through out this 10 months to prepare case. Also what I find amusing is that the case they are citing on from Dec 21,2021 only can be cited because they were give extra time for discovery and would have not been “grandfathered” in to anything that actually involves THIS case. Clearly an attempt of desperation. I don't see why SEC would use Fife lawsuit when they are “picking” the Fair Notice Defense dismissal, when Fife sold their stocks in the US. Ripple never held an ICO. There aren't similarities between the two cases. Sec can not use the Fife ruling. The sec can only use this to strike the lack of fair notice if sec firstly proved that all xrp is a security and all xrp has been sold as unregistered securities. The Fife case is about securities! This is just a motion to draw the judges attention to the reasons why the SEC wants the fair notice defense tossed out. The Ripple case is based on two things: 1. XRP is not a security 2. The fair notice affirmative defense. So after, SEC couldn't show that XRP is a security, now they try to file a motion in order to dismiss the fair notice defense because it's the thing that can win Ripple the case, even though this motion was filed in APRIL last year. At this point it just means, SEC is trying to waste as much time as possible because they know they don't have any way out this case, winning it. No matter, what happens to bitcoin or the market, when Ripple wins the case, XRP will be the first crypto fully and legally recognized as decentralized, which means it will revolutionize the crypto industry, and undoubtedly the price will soar, and XRP will finally get it's recognition and true value, after missing a strong bull run, being delisted from many crypto exchanges due to the sec case. The letter and the case the SEC relies upon: t.co BINANCE:XRPUSDT
Long
by ChitoiuAndrei2308
1
XRP Range SupportI pulled a fib from the original ATH and the last pump to $2. We bounced off the .786 for the ATH. Last dump time we breached this box we bounce off the $2 purple .786. If we break .70c I bet we go to .50 I have attached my BTC chart where I think it is going to 33K. I want to believe like everyone Alt season will save XRP, but until the case if over I doubt we see that, unfortunately. XRP Volume on the larger timeframes isn't existent. I don't see that changing until a settlement. Hopefully March like some say. That could align with a BTC ETF approval. Until then hodl and accumulate.
Short
by tsbirch1
1
XRPUSD | READY TO FLY?Analysis – XRPUSD | BULLISH | 1W This chart incorporates market structure as the focal point from meticulous study of behavioural analysis. On the 10th November 2021 price failed to break a key area of reactivity at $1.35XXX, a downtrend was formed with candlestick volume unquestionably bearish on all timeframes; but what we’re currently experiencing in terms of price action tells an interesting story. Firstly, we may observe an increased magnitude of buyers in the next few days as price has currently retested & wick-rejected the previous market structural HL, which is an early indication of a retracement and a decisive move up could only opinion a change in market sentiment for investors. It is fair to say the bulls are fighting back for control whereas the closure / confirmation of the weekly candlestick has already closed above the support; mitigating liquidity (bullish order flow) where we can expect a momentum shift with an impulse higher. Similarly, the entire formation of price has created a ‘double bottom’ which in essence, is a bullish chart pattern to induce more buyers into the market. Mr Leonardo’s Fibonacci numbers also play a key role where we may see price sky rocket to our trend-based Fibonacci retracement level of 23.6%, acting as an intermediary for price to react—creating a fresh HH; offering an approximate 75% increase to price providing we break our previous resistance, then exhibiting a potential retest of the previous LH as a correctional move, trapping further liquidity to then explode higher where we can then officially confirm an uptrend ~ after a brother-sister formation of a HH & HL, where price will increase exponentially thereafter. Moreover, once price has gained traction, we will then observe indecisiveness, consolidation and “fakeouts”, where the market will mislead early investors, a psychological play of directional bias through the shadows of candlestick anatomy (especially on the LTF’s), within the 23.6% - 38.2% and then then 61.8% - 78.6% Fibonacci levels until price tests the next zone up at a price of $2.43XXX; which was also a key resistance turned support after the bull run in 2018, totalling a move 165% up from today’s price. Following this analysis, I also think XRP will also reach $3.57XXX following the fractals of early 2021 which I've linked in this post—flying to a potential 290% growth. (It’s also worth mentioning that if price closes below $0.92 on the monthly chart this analysis will be invalidated and the next target will be $0.56XX testing the previous HL). — What about the SEC? Everyone‘s talking about how there is a lawsuit now - which is why XRP hasn’t rocketed higher ~ without going into detail. What you’re forgetting to remember is that even with the ongoing lawsuit since the start of 2021, The price of XRP increased by approximately 725%; do you also know that XRP has outperformed Bitcoins growth of approximately 130% this year? (That’s more than a 5x growth factor). The message from this is that the price of Ripple’s native token hasn’t given a fuxk about the SEC in terms of percentage growth but until this lawsuit is over, I wouldn’t expect XRP to reach an ATH just yet. Let’s be realistic. Thank you for your time, Any questions are welcome. L’art Di Vivre.
BITSTAMP:XRPUSDLong
by IBNE4BBAS
2
RIPPLE (XRP/USD) IS READY TO BLAST OFF! Fractal PatternHey everyone! Hope you are all doing well. The market hey! Unbelievable. Stay sceptical - the FED meeting is this week which can mean trouble for asset prices. Even though Bitcoin inversely correlates with the SPX usually (< trust in government, > trust in DeFi), if we do see a market crash, we will inevitably see a crash in crypto. We do need a financial reset and 2022 is the year for it. Anyway, Ripple... What a rollercoaster they have been on in the last few years with the SEC. The SEC have been recently granted a two month extension to Jan 14th 2022 for the expert discovery deadline. We might not see *crazy* support in the coin until the case is finalised, which is not expected until May/March 2022. I have observed a Fractal pattern of our current setup very similar to that of 2020/2021 bull run which was cut short by the SEC. If we get a break and retest of the pennant formation, we should see a clear breakout ranging between 200-500%. I am confident of this given the time it has been accumulating whilst other useless crypto's make ridiculous gains (lol SHIB). Ripple Labs also has the upper hand in the court case, with Brian Armstrong (Coinbase CEO) tweeting: 'The Ripple case seems to be going better than expected. Meanwhile, the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).' Which is TRUE. Please be cautious, these are suspicious times. Love, peace, Seb.
BITSTAMP:XRPUSDLong
by SXTrading
2
Ripple CEO says the SEC helped Ethereum to overtake XRP as No.2 Ripple chief govt Brad Garlinghouse has been airing his thoughts over the kingdom of the crypto market and regulations, and a grudge over the financial regulator’s technique to Ethereum seems to have surfaced.Speaking on the DC Fintech Week virtual convention on Thursday, the Ripple boss declared that Ethereum had been granted a regulatory inexperienced light that enabled it to surpass his company’s XRP tokenThe United States Securities and Exchange Commission (SEC) has been pursuing Ripple over claims that Ripple (XRP) is an unregistered safety. In January, Ripple filed a Freedom of Information Act request with the SEC disturbing to recognise why it didn’t consider ETH to be a security. Six months later in July, a district decide allowed the organisation to depose a former SEC legitimate who declared in 2018 that ETH became not a protection.Garlinghouse absolutely feels that his company has been tough achieved by using and Ethereum’s next achievement is, as a minimum in part, because of greater favorable remedy through the SEC. He stated that it is affecting the marketplace, adding:
BITFINEX:XRPUSDLong
by Martha72857
2
Falling Wedge- BullishBig falling wedge on FUTU here along with bullish hidden divergence on the RSI, still a bit wary of the broader sector with all the FUD surrounding sector regarding SEC Chair Gensler's comments, nonetheless will certainly be watching for a breakout from this wedge. Additionally has a small gap on the upside to fill from $77.61 to $81.38- just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones
NASDAQ:FUTULong
by jacobosiason7
BTC ETF is near, SEC deciding soon!!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A bitcoin exchange-traded fund (ETF) based on futures looks increasingly likely to be approved by the U.S Securities and Exchange Commission this month, pushing the market more than 30% higher this month and almost reaching $60k level and with the possibility of the first Bitcoin futures ETFs being launched as early as next week, bullish sentiment is soaring. This marks a major milestone after nearly a decade of fielding crypto ETF applications. Replaying to the Dollar, BTC has reached $59.8k Which is the highest value for BTC since the mid of May The regulator isn’t likely to delay the products’ introduction to trading next week, But a decline is possible until the decision is final. These ideas, which are based on futures contracts, offer "substantial investor safeguards" that differ from Bitcoin ETF filings previously rejected by the SEC. The futures product is likely to be the first one approved since they are viewed more favorably by regulators. Futures are governed by the Chicago Mercantile Exchange (CME) and require investors to put down cash on margin to trade them. Possible Scenario for the market : This push will probably lead the price to the $60k level, If that is to happen the Bulls will see this as a confirmation of how much power they hold over the market right now and they will be aiming to hit the resistance level at 61692.00 this week. But never forget that when a market is going under a big decision we might see a wide range of movements that might seems Bullish or Bearish until a decision has been made. If a Bearish movement happens it will probably reach the support level at 56665.00 and might extend to the 55072.00 level. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish signs) 2) The ADX is at 26.31 showing that the market is trending with a positive crossover between DI+ (26.04) and DI- (13.00) 3) The MACD is above the 0 zero line indicating that the market is Bullish with a positive crossover between the MACD line and the Signal line Daily Support & Resistance points : support Resistance 1) 56665.0 1) 58258.0 2) 55976.0 2) 59162.0 3) 55072.0 3) 59851.0 Weekly Support & Resistance points : support Resistance 1) 49286.0 1) 58335.0 2) 43594.0 2) 61692.0 3) 40237.0 3) 67384.0 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:BTCUSDLong
by GabiDahduh