XRPUSD (Ripple) – Week 35 – Ready for the upside?
In the SEC v. Ripple Labs litigation, the US Securities and Exchange Commission and Ripple Labs are still fighting tooth and nail over the SEC's internal papers, with the SEC claiming deliberative process privilege (DPP) and Ripple attempting to strengthen its "fair notice" position.
In addition, Ripple has filed a motion with Magistrate Judge Sarah Netburn to compel the U.S. Securities and Exchange Commission to produce additional documents that reflect its digital asset trading policies. The beleaguered company wants to find out whether or not SEC employees were allowed to trade XRP, Ether, Bitcoin as well as other cryptocurrencies. Ripple is seeking to obtain annual certifications that show the personal cryptocurrency holdings of the agency’s staff members. It is willing to receive such information in an aggregate form.
Technically, Ripple is making a bigger consolidation in this area as we successfully predicted in the last weekly report. For this pair we see a continuation to the upside as a higher probability move with or without a retest of the $1,05 low or the support area.
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.
In addition, Ripple has filed a motion with Magistrate Judge Sarah Netburn to compel the U.S. Securities and Exchange Commission to produce additional documents that reflect its digital asset trading policies. The beleaguered company wants to find out whether or not SEC employees were allowed to trade XRP, Ether, Bitcoin as well as other cryptocurrencies. Ripple is seeking to obtain annual certifications that show the personal cryptocurrency holdings of the agency’s staff members. It is willing to receive such information in an aggregate form.
Technically, Ripple is making a bigger consolidation in this area as we successfully predicted in the last weekly report. For this pair we see a continuation to the upside as a higher probability move with or without a retest of the $1,05 low or the support area.
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.
