XRP - TO THE MOON continue or everyone will be deceived again?!
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Friends, a little conspiracy on the XRP chart! This is not financial advice, I'm just expressing my thoughts on a chart! Be careful if you are going to buy on the continuation of the uptrend.
Well, first, a little background:
Everyone probably already knows about the situation that began in December 2020, when the SEC sued Ripple Labs, as well as its two founders - Chris Larsen and Brad Garlinghouse. The SEC accused Ripple of illegally selling securities, arguing that XRP is considered a security and should be registered with the SEC. This caused a lot of controversy in the cryptocurrency community, as many believed that XRP was a digital currency and not a security.
The next two years were a time of intense lawsuits and court hearings between Ripple and the SEC. During the trials, both sides presented their arguments and evidence. And finally, the story seemed to come to an end, (why, I’ll seem to describe the situation below) and Ripple nevertheless defended its rights and proved to everyone that their cryptocurrency is not a security, and the positive immediately broke out on the market and the HODLERS of XRP coins sighed and someone even began to fix their earned Xs...
But not everything is so simple! The head of the SEC, Gary Gensler, commented on the court's decision, noting that the agency is "disappointed" with the outcome.
case involving retail investors, but "satisfied" in the part relating to institutional sales. “We continue to study and evaluate this decision,”
emphasized the head of the regulator. Answering a question about the development of new norms
for the crypto sector, Gary Gensler explained that it is still “too premature” to talk about it, as the litigation is ongoing.
In general: in short, there will probably be another hearing in this case, but when it is not yet entirely clear, perhaps this will happen when the SEC punishes some crypto project under new regulatory rules or wins a case against such a giant as Binance and then all other projects will flinch and begin to obey Gary Gensler. But if the SEC crap up again, then most likely the alt season may come earlier than planned, because XRP can prove once again that the SEC is just a speck in the cryptocurrency world and let them regulate in their yard, as they say) In short, other projects will also be able to exhale along with liquidity, that is, with all of us :)
Speaking from the technical side, I gave two examples of how the price behaved on the rebound of the global countertrend: the first situation was at the end of 2020 when the price rose at the moment by almost 10X (during the bull run) and the second situation is happening now when XRP won the case with the SEC, which lasted more than two years, also a huge positive. And the bounce we saw of 70-80% might not be the end yet if the second SEC VS XRP hearing results in favor of Ripple then a $2 bounce might just be a small push.
Guys, I repeat once again - this is not financial advice, but just my guesses and just thoughts, I didn’t buy a coin myself, maybe in the future I’ll go for a small percentage of the deposit, but before that I’ll definitely let you know.
Friends, a little conspiracy on the XRP chart! This is not financial advice, I'm just expressing my thoughts on a chart! Be careful if you are going to buy on the continuation of the uptrend.
Well, first, a little background:
Everyone probably already knows about the situation that began in December 2020, when the SEC sued Ripple Labs, as well as its two founders - Chris Larsen and Brad Garlinghouse. The SEC accused Ripple of illegally selling securities, arguing that XRP is considered a security and should be registered with the SEC. This caused a lot of controversy in the cryptocurrency community, as many believed that XRP was a digital currency and not a security.
The next two years were a time of intense lawsuits and court hearings between Ripple and the SEC. During the trials, both sides presented their arguments and evidence. And finally, the story seemed to come to an end, (why, I’ll seem to describe the situation below) and Ripple nevertheless defended its rights and proved to everyone that their cryptocurrency is not a security, and the positive immediately broke out on the market and the HODLERS of XRP coins sighed and someone even began to fix their earned Xs...
But not everything is so simple! The head of the SEC, Gary Gensler, commented on the court's decision, noting that the agency is "disappointed" with the outcome.
case involving retail investors, but "satisfied" in the part relating to institutional sales. “We continue to study and evaluate this decision,”
emphasized the head of the regulator. Answering a question about the development of new norms
for the crypto sector, Gary Gensler explained that it is still “too premature” to talk about it, as the litigation is ongoing.
In general: in short, there will probably be another hearing in this case, but when it is not yet entirely clear, perhaps this will happen when the SEC punishes some crypto project under new regulatory rules or wins a case against such a giant as Binance and then all other projects will flinch and begin to obey Gary Gensler. But if the SEC crap up again, then most likely the alt season may come earlier than planned, because XRP can prove once again that the SEC is just a speck in the cryptocurrency world and let them regulate in their yard, as they say) In short, other projects will also be able to exhale along with liquidity, that is, with all of us :)
Speaking from the technical side, I gave two examples of how the price behaved on the rebound of the global countertrend: the first situation was at the end of 2020 when the price rose at the moment by almost 10X (during the bull run) and the second situation is happening now when XRP won the case with the SEC, which lasted more than two years, also a huge positive. And the bounce we saw of 70-80% might not be the end yet if the second SEC VS XRP hearing results in favor of Ripple then a $2 bounce might just be a small push.
Guys, I repeat once again - this is not financial advice, but just my guesses and just thoughts, I didn’t buy a coin myself, maybe in the future I’ll go for a small percentage of the deposit, but before that I’ll definitely let you know.
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