XRP Ripple is making a correction within uptrendCRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT
XRP Ripple is making a correction within uptrend
Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit
CRYPTO BULLISH
US to take a constructive approach in regulating digital assets
War boosts demand in Bitcoin
Big Russian money could flow into Bitcoin to avoid the US sanctions
Fed delivering only a few rate hikes next year would be great news for cryptos
Bitcoin is paving its way to traditional finance
Adidas news is ‘probably a big thing’
Inflation trades will keep doing better and better, crypto better days lie ahead
People rush to Bitcoin as a new-age inflation hedge
The SEC is poised to allow the first exchange-traded fund based on BTC futures
Negative real interest rates and post-pandemic era can boost blockchain
A Bitcoin ETF seems likely to happen, paving the way for the next boom
El Salvador leads world in adopting bitcoin as official currency, a big step
Senate reaches a deal over crypto amendment, supporting to not kill the industry
CRYPTO BEARISH
Reputational setback to further weigh on prices
Cryptocurrencies to take a severe hit amid general market panic and industry-wise discomfort
Russia/Ukraine conflict to accelerate the regulation of the crypto industry
Higher energy prices make crypto mining more expensive
Bitcoin to suffer amid geopolitical tensions
Bitcoin hit by global risk appetite and shutdown in Kazakhstan
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies
Biden's infrastructure bill is bad for Bitcoin
Memecoins are now a problem
Cryptocurrencies will be regulated by governments
Spike in energy prices to become a burden for Bitcoin
China bans cryptocurrencies, again
Delta variant causing concerns, risk appetite disappears
SEC v Ripple Silence Left XRP on the Back Foot Again
There were no SEC v Ripple case updates to impact on Sunday. The lack of updates left investors in a cautious mood. After last week’s extended pullback, XRP may face further selling pressure as investors grow anxious about the outcome of the SEC v Ripple case.
Optimism has faded, leading to the XRP pullback from the March 29 high of $0.58479.
On Saturday, Ripple CEO Brad Garlinghouse may have spooked investors, saying.
“Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.”
It is unclear whether the Ripple CEO was aware of an imminent ruling. There was no crypto event to deliver the sixth bearish session of the week.
