Ripple blockchain tech provider has unlocked another billion XRP tokens while the SEC legal suit against it continues. On July 1, the Ripple DLT giant withdrew another billion XRP coins from escrow. For some years, these huge XRP releases have been scheduled to occur on the first day of each month. Even while it fights a legal battle with the US Securities and Exchange Commission (SEC), the blockchain decacorn continues to do so.
Mintable, a nonfungible token (NFT) minting platform and marketplace, has raised $13 million in an oversubscribed fundraising round. Ripple, mobile and blockchain gaming developer Animoca Brands, and Metapurse, the world's largest NFT investment fund, were among the investors in the Singapore-based startup's Series A fundraising round. Mintable will incorporate Ripple's own blockchain, XRP Ledger (XRPL), which is already carbon neutral and "perfectly suited to offer a smooth experience for NFTs," according to the release.
Technically, XRP did exactly what we forecasted last week. In the article intitled “Watching the trendline…” the price did just that, it went to the trendline and then went into correction mode. We now give a higher probability for a move to the upside especially if the trendline is broken with a powerful sharp candle to the upside. We advise caution at the 0,735 level where the previous top is in this structure.
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.
Mintable, a nonfungible token (NFT) minting platform and marketplace, has raised $13 million in an oversubscribed fundraising round. Ripple, mobile and blockchain gaming developer Animoca Brands, and Metapurse, the world's largest NFT investment fund, were among the investors in the Singapore-based startup's Series A fundraising round. Mintable will incorporate Ripple's own blockchain, XRP Ledger (XRPL), which is already carbon neutral and "perfectly suited to offer a smooth experience for NFTs," according to the release.
Technically, XRP did exactly what we forecasted last week. In the article intitled “Watching the trendline…” the price did just that, it went to the trendline and then went into correction mode. We now give a higher probability for a move to the upside especially if the trendline is broken with a powerful sharp candle to the upside. We advise caution at the 0,735 level where the previous top is in this structure.
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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