Ripple is proposing a massive XRP ledger upgrade that, according to the firm, could unleash decentralized finance (DeFi) and smart contracts throughout the larger XRP ecosystem while maintaining the efficiency of XRPL. According to David Schwartz, Ripple's chief technical officer, this will be accomplished through the use of federated sidechains.
The SEC claims that Ripple illegally sold its native XRP token as an unregistered security, and that XRP remains one today. Ripple's lawyers claim that the fresh evidence mentioned by the US Securities and Exchange Commission (SEC) against the San Francisco-based payments business is completely irrelevant and deceptive.
Technically, XRP finds itself in a low volatility trading range between $1,10 and $0,64. As you can see from the chart, next week, we can have an up move that will reach the small resistance area marked on the chart or a low vol consolidation in this area followed by a continuation to the downside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
The SEC claims that Ripple illegally sold its native XRP token as an unregistered security, and that XRP remains one today. Ripple's lawyers claim that the fresh evidence mentioned by the US Securities and Exchange Commission (SEC) against the San Francisco-based payments business is completely irrelevant and deceptive.
Technically, XRP finds itself in a low volatility trading range between $1,10 and $0,64. As you can see from the chart, next week, we can have an up move that will reach the small resistance area marked on the chart or a low vol consolidation in this area followed by a continuation to the downside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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