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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="SOLIDECN, post: 213223, member: 80239"] [HEADING=1][JUSTIFY]XRPUSD - Growth contrary to general market trends[/JUSTIFY][/HEADING] [JUSTIFY]Over the weekend, Ripple Labs and SEC lawyers filed motions for a summary judgment in the case, signaling the imminent completion of a process in which the company has a significant chance of winning, as officials could not prove that the XRP token fully met the definition of a security. The chairman of the US Commodity Futures Trading Commission (CFTC), Caroline D. Pham, also visited the corporation's central office, where she met with the head of Ripple, Brad Garlinghouse. Although the parties did not announce the purpose of the visit, its very fact was positively assessed by the market, as it may indicate a gradual decrease in pressure from American regulators on the crypto company. All this caused a new interest of investors, first of all, "whales" in the XRP token, provoking the strengthening of its position. [img]https://i.ibb.co/6FdYD4r/xrp.png[/img] The trading instrument rose above 0.4150 (Murrey [+1/8]), which gives the prospect of further growth to 0.4395 (Murrey [+2/8]), 0.4600, 0.4950. If 0.3906 (Murrey [8/8]) is broken down, the decline may resume to 0.3418 (Murrey [6/8]). Technical indicators confirm the upward trend: Bollinger bands reverse upwards, the MACD histogram increases in the positive zone, and Stochastic may leave the overbought zone, but the downside potential is limited. [B]Resistance levels[/B]: 0.4395, 0.4600, 0.4950 |[B] Support levels[/B]: 0.3906, 0.3662, 0.3418[/JUSTIFY] [/QUOTE]
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