XRP / TetherUSLong
#XRPUSDT 20% Pump After Ripple’s Victory Against The SEC
🔹July 13, 2023: Landmark ruling in SEC vs. Ripple Labs case.
XRPUSDT token ruled not a security when sold on public exchanges which pumped the price by 20% from $0.4457 to $0.5414.
🔸SEC lawsuit in December 2020 alleged unregistered securities offering by selling XRP. Ripple argued XRP is a currency, not a security. Court sided partially with Ripple but found securities laws broken with institutional sales.
🔹The pair is currently facing resistance from the 200 MA ($0.5444) and the resistant zone at same price level, it's possible with further bullish sentiment, buyers can break above this resistant setting the price up to target $0.5859, $0.6381, $0.7003 and $0.7435.
🔸On the other hand it's important to pay attention to the overall crypto market sentiment specially now that the Fear & Greed Index is indicating extreme fear among traders.
🔹minor support below the price is the 50 MA ($0.4875), and a strong support at $0.4229. If this support cracked sellers can easily push the price down to $0.1318, $0.3508 and $0.3164.
Zanzibar Trading
XRPUSDT token ruled not a security when sold on public exchanges which pumped the price by 20% from $0.4457 to $0.5414.🔸SEC lawsuit in December 2020 alleged unregistered securities offering by selling XRP. Ripple argued XRP is a currency, not a security. Court sided partially with Ripple but found securities laws broken with institutional sales.
🔹The pair is currently facing resistance from the 200 MA ($0.5444) and the resistant zone at same price level, it's possible with further bullish sentiment, buyers can break above this resistant setting the price up to target $0.5859, $0.6381, $0.7003 and $0.7435.
🔸On the other hand it's important to pay attention to the overall crypto market sentiment specially now that the Fear & Greed Index is indicating extreme fear among traders.
🔹minor support below the price is the 50 MA ($0.4875), and a strong support at $0.4229. If this support cracked sellers can easily push the price down to $0.1318, $0.3508 and $0.3164.
Zanzibar Trading
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