XRP News today: XRP is in a critical moment, lets see what happens now with crypto, Ripple, SEC and XRP !!
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What are we going to talk about in today's XRP video?
CHAPTERS:
0:00 XRP News today
1:07 XRP is the only token to have gains in the week
3:24 XRP vs SEC case: Stuart Alderoty has asserted that the blockchain payments company grows more confident with each ruling in its legal battle
5:30 Liquid protocol
6:57 RIPPLE XRP CEO tweet comes as the SEC has taken several hits in the courts this week
8:21 SEC case against Ripple over whether XRP is a security has run for over two years
9:02 FOX Business Senior Correspondent Charles Gasparino has bet Attorney John E. Deaton that the SEC would win in its case against Ripple
10:50 Conclusions
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Give me more information about today's video
XRP has retained a 4% gain in the past 24 hours despite the prevailing market-wide bloodbath, are we going to see more consistency as such? Also, is the XRP community confident with each ruling in the SEC case? Moreover, is the SEC having a tough time in the court? Finally, are we to go with the FOX business correspondent Gasparino on his bet with Deaton concerning a SEC win against Ripple? Stick with me guys till the end to learn more.
XRP is currently bucking the overall market, as it remains the only token securing gains among the top 10 assets by market cap. The asset's strong position comes after the latest ruling in the legal tussle between Ripple and the U.S. SEC, which XRP holders have regarded as bullish.
CoinMarketCap data shows that XRP has retained a 3.7% gain in the past 24 hours, The rest of the top 10 assets are registering losses, with Bitcoin seeing a 1.47% decline and Ethereum down by 0.90%, while BNB has been trading flat in the last 24 hours.
Seasoned analyst Egrag called attention to the favourable situation, disclosing that he remains bullish on the asset.
XRP is currently trading for $0.39 as of press time.
The asset's latest rally commenced in the early hours of today despite the prevalent bearish storm. The asset surged from a low of $0.37 2 days ago, to a high of $0.398 seven hours later, The last time XRP saw this price level was on Feb. 24.
However, the asset's goal to recapture the $0.40 price territory met stern opposition from the bears, which has so far dropped it to the current price of $0.39. XRP's short-term mission is to secure a comfortable position above the $0.40 price point.
At its current value, XRP has conquered the strong opposition point at $0.394, but the asset is not out of the woods yet.
It is witnessing a gradual loss in momentum as the recently-engineered rally receives no support from the broader crypto market. XRP must move above the resistance at $0.41 to solidify its position above $0.40.
Nonetheless, if the asset's strength wanes, the bears could batter it below several crucial points to the first significant support, currently at $0.37.
In the long term, Egrag believes XRP has the potential to skyrocket to $27 this year. Considering his "Nike Swoosh" pattern, the veteran analyst forecasts that the asset will likely attain this $27 price point in November of this year.
This marks a 6,800% increase from its current value, Do think this is possible? Leave a comment below, please.
Ripple General Counsel Stuart Alderoty has asserted that the blockchain payments company grows more confident with each ruling in its legal battle against the United States Securities and Exchange Commission (SEC).
"As we have said throughout, we have always felt confident about our case and with each ruling, even more so," Alderoty wrote, surmising his views in a Twitter thread today.
The latest statement from Alderoty follows Judge Analisa Torres' ruling on Daubert motions seeking to strike out expert testimony.
As reported yesterday, the judge partially granted and denied motions from both parties, As highlighted, the ruling appeared to favour XRP holders significantly.
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