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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="Solid ECN, post: 206181, member: 83167"] [JUSTIFY][B]XRPUSD, token growth amid positive court news[/B][/JUSTIFY] [HR][/HR] [JUSTIFY]The XRPUSD pair continues the upward trend of trading for the third week in a row within the framework of the general market trend and on the eve reached two-month highs around 0.8609. The strengthening of positions allowed the token to reach the sixth place in capitalization among the leading digital assets. The quotes continue to be supported by hopes that Ripple will win a lawsuit from the US Securities and Exchange Commission (SEC). The regulator accuses the management, Brad Garlinghouse and Chris Larsen, of selling 600M dollars worth of tokens to investors, and considers the coin itself a security that was issued and distributed bypassing American legislation. The SEC requires an injunction against further XRP sales, the return of all funds raised and the payment of fines. Lawyers point to the fact that a digital asset is not fundamentally different from other currencies, for example, ETH, which, according to a senior official of the regulator, William Hinman, is not a security, therefore, XRP should not be considered as one either. Currently, the SEC has requested a delay from the court to provide new materials, and observers see the weakness of the positions of American officials in this, increasing the likelihood of a Ripple victory. It should also be noted that despite the proceedings in the USA, the company's business continues to expand worldwide. Currently, 55 leading banks use its technologies for making cross-border payments, and recently cooperation was confirmed with the largest Canadian Imperial Commercial Bank in the country. [B]Resistance levels[/B]: 0.85, 0.893, 0.928. [B]Support levels[/B]: 0.781, 0.7325, 0.6836.[/JUSTIFY] [ATTACH type="full"]20726[/ATTACH] [/QUOTE]
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