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The former head of the SEC described the lawsuit against Ripple as a "wrong death"

The former head of the SEC described the lawsuit against Ripple as a "wrong death"!

Former SEC Chairman Mary Jo White, in support of Ripple against the regulator, described the SEC's conduct as a "wrong death." The SEC filed a formal complaint against Ripple Labs and two of its directors in late December. The lawsuit alleges that Ripple Laboratories sold unregistered securities, prompting most US exchange offices to announce that they would remove XRP from their platform. White stated:

"As a former U.S. attorney and president of the SEC, you know that if a case takes a long time to process, you probably should not raise it."

The SEC petition divided the cryptographic community into two categories, with a significant number opposing the petition and a significant number even agreeing. In addition to White, another SEC member, Hester Pierce, expressed similar concerns about the lack of transparency in cryptocurrency regulations and the SEC petition.

Ripple is looking for an ascending defeat!

The SEC lawsuit against Ripple had a devastating effect on the price of XRP after it was removed from several exchanges, causing it to lose most of its profits during the year and fall to a three-year low. However, while everyone believed the lawsuit would eliminate XRP trading in the United States, the altcoin recovered to $ 0.56.
By the time the bull flag pattern on the 4-hour chart is confirmed, Ripple is preparing for a defeat. Keeping the price above $ 0.5 is still the key to uptrend.

The Altcoin seems to have made up for most of its losses following the SEC petition and is now embarking on another pre-litigation move.

21 February 21 ، 12:43 agreeین ۰ disagreeین ۰
rahathagh/راحت حق

Ripple Analysis (XRP) Wednesday, February 17

Ripple Analysis (XRP)

The price of Ripple Digital Currency is currently fluctuating in the range of $ 0.53302. The MACD and RSI indicators have also shown a downward trend.
However, the price continued its uptrend yesterday from the support range of $ 0.4880 to $ 0.4840. This level is the intersection of the 100 moving average indicator in the four-hour time frame and the downtrend line formed since February 2 (February 4) until now.
Currently, the 50-day moving average indicator level at $ 0.5460 and the Sunday bearish trend line at $ 0.56 play the resistance levels.
If the resistance breaks $ 0.56, the price will rise to the monthly downward trend line at $ 0.06150.
On the other hand, if the price penetrates below the support level of $ 0.4880 to $ 0.4840, one can expect the price to fall to $ 0.4 and the lowest monthly level at $ 0.3405.

Technical levels
Last price of the day: $ 0.5122
Daily fluctuations: 77- Pip
Fluctuations of the day (٪): 1.48-
Starting price: $ 0.5199
20-day moving average: $ 0.4632
50-day moving average: $ 0.3473
100-day moving average: $ 0.406
200-day moving average: $ 0.333
Yesterday's highest price: $ 0.58.03
Yesterday's lowest price: $ 0.4819
Last week's highest price: $ 0.6247
Last week's lowest price: $ 0.3911
Last month's highest price: $ 0.5167
Last month's lowest price: $ 0.2109
Fibonacci 38.2. Daily: $ 0.5195
Fibonacci 61.8. Daily: $ 0.5427
Pivot S1 Daily: $ 0.4745
Pivot S2 Daily: $ 0.429
Pivot S3 Daily: $ 0.3761
Pivot R1 Daily: $ 0.5728
Pivot R2 daily: $ 0.6258
Pivot R3 Daily: $ 0.6712


Hamid Rahathagh

17 February 21 ، 11:13 agreeین ۰ disagreeین ۰
rahathagh/راحت حق